Press release
15th May, 2026
Olam Group announces completion of Mindsprint sale to Wipro
Singapore
Olam Group Limited (“OGL” or the “Company”, or together with its subsidiaries, “the Group”) announced today that it has completed the sale of its 100% stake in Mindsprint Pte. Ltd. (“Mindsprint”) to Wipro Limited (“Wipro”) for a final cash consideration of US$386 million1 (approximately S$492 million2 ).
The completion of the sale follows receipt of all necessary regulatory approvals and satisfaction of other closing conditions.
The sale of Mindsprint is aligned to the Group’s Updated 2025 Re-organisation Plan to responsibly divest and monetise the assets and businesses of OGH3 over time and progressively distribute the net proceeds to the Company’s shareholders via special dividends after taking into account prevailing operational and financing needs of the Group.
Mr Yap Chee Keong, Chairman at Olam Group, said: “The completion of the Mindsprint divestment marks another significant step forward in our Re-organisation Plan, and follows the completion of the landmark
News
22nd Aug, 2025
Olam Group advances in corporate governance and transparency rankings
We are pleased to receive an improved score of 81.8 in the Singapore Governance and Transparency Index (SGTI) 2025 (2024: 77). The SGTI is a benchmark ranking for Singapore-listed companies and this year its scope of assessment was expanded to incorporate additional sustainability disclosures, including climate reporting. Olam’s score compares with the overall SGTI 2025 score of 70.9 in the general category.
As we continue on our Re-organisation journey to unlock value in Olam for our stakeholders, we will remain true to upholding governance frameworks that support sustainable value creation in line with the evolving expectations of our investors, customers, and communities worldwide.
About the SGTI
The SGTI, jointly conducted by CPA Australia, NUS Business School's Centre for Governance and Sustainability, and the Singapore Institute of Directors, evaluates SGX-listed companies on governance practices and transparency in financial disclosures.
Blog
20th Mar, 2023
Building a Business that Conserves Forests, One Step At a Time
“I have worked in the Congo basin for years, but nothing could have prepared me for the moment when I was just steps away from Buka, who belongs to one of the four groups of habituated silverback gorillas living in the vicinity of our forest concessions in the Congo Basin,” says Vincent Istace, Head of Corporate Responsibility & Sustainability at Congolaise Industrielle des Bois (CIB), an Olam Agri subsidiary.
Personal pictures of Paki Paki taken by Vincent Istace in 2021. © Vincent Istace
“This landscape is ideal for wildlife viewing compared to other natural forests in the area. The forest is more open, making it easier to see and spot gorillas and other wildlife. This feature has made sites such as Mondika one of the world’s most interesting spots for the study of great apes.
It may surprise some to hear that critical gorilla and chimpanzee habitats around the buffer zones of Nouabale-Ndoki National Park, are also where sustainable timber harvesting is practiced.”
Forest
