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      Olam Group announces completion of Mindsprint sale to Wipro

      Press release 15th May, 2026

      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 sale of 44.58% stake in Olam Agri to SALIC (taking SALIC’s ownership of Olam Agri to 80.01%) which we announced in April 2026. We are making meaningful and tangible progress in crystallising the value of our businesses and assets for shareholders.”

      While Mindsprint ceases to be a subsidiary of Olam Group, the company will continue to support the technology and shared services requirements of the Group under the eight-year strategic agreement with Wipro.

      Avendus Capital acted as the exclusive financial advisor to Olam Group and Mindsprint on this transaction.

      Notes to Editors

      1 Cash consideration before Employee option buyout consideration and transaction expenses

      2 All S$ figures in this release are based on an indicative US$-to-S$ exchange rate of US$1:S$1.2750 as at May 14, 2026

      3 Formerly known as Remaining Olam Group
       

      Back to All News

      About Olam Group

      Olam Group Limited is a leading food and agri-business operating across the value chain in more than 50 countries, supplying high-quality food and beverage ingredients and solutions, as well as agri-food and industrial products to 11,000+ customers worldwide.

      Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders.

      Headquartered and listed in Singapore, Olam Group is a component stock of the iEdge Singapore Next 50 index and a Singapore constituent of market indices including the FTSE Global All World Ex US Index, FTSE Developed All Cap Ex US Index, MSCI World ESG Screened Index, MSCI EAFE Small Cap Index and MSCI EAFE Investable Market Index (IMI). It is also part of the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment and governance transparency.

      More information on Olam can be found at www.olamgroup.com. Follow @olam: 

      Olam is located at 7 Straits View, Marina One East Tower #20-01, Singapore 018936.
      Telephone: +65 63394100, Facsimile: +65 63399755.

      Issued on behalf of Olam Group Limited by:

      We. Corporate Advisors, 3 Harbourfront Place, #12-02/04, Harbourfront Tower 2, Singapore 099254

      For further information, please contact:

      Contacts for Olam Investor Relations
      Contacts for WECOMMUNICATIONS

      Also in the News

      Press release
      27th Apr, 2026

      Olam Group announces completion of 44.58% stake sale in Olam Agri to SALIC

      Olam Group has completed the Tranche 1 sale of a 44.58% stake in Olam Agri to SALIC for approximately US$1.88 billion, based on an implied 100% equity valuation for Olam Agri of US$4.00 billion and closing adjustments Olam Agri becomes majority 80.01% owned by SALIC and a 19.99% owned associated company of Olam Group At completion of Tranche 2 within three years, Olam Agri will become a 100% owned subsidiary of SALIC Olam Group remains focused on executing the Updated 2025 Re-organisation Plan to unlock value for shareholders Olam Group Limited (“Olam Group”, “OGL”, the “Company”, or together with its subsidiaries, “the Group”) has announced that its wholly-owned subsidiary, Olam Holdings Pte. Ltd. has completed the Tranche 1 sale of 44.58% stake in Olam Agri to the Saudi Agriculture & Livestock Investment Company (“SALIC”), the food and agriculture investment arm of Public Investment Fund of the Kingdom of Saudi Arabia, for US$1.88 billion (approximately S$2.4 bill
      Read more
      Press release
      10th Apr, 2026

      Olam Group publishes 2025 Annual Report “From Vision to Value” and announces Board and management changes

      Singapore Chairman Lim Ah Doo, Co-Founder, Executive Director and Group CEO Sunny Verghese to step down from Olam Group Limited on conclusion of its 5th AGM on April 27, 2026 Deputy Chairman Yap Chee Keong will assume role as Chairman Board plans to appoint a Lead Independent Director, with the search for another independent director underway ofi CEO Shekhar Anantharaman to be appointed as Executive Director on the Board Management changes, new management structure and executive appointments to support operating groups and execution of Re-organisation Plan Group CFO N. Muthukumar to step down at the conclusion of the 5th AGM Venkataraman Krishnan to be appointed as new Group CFO on the same day  Gautam Wadhwa to be appointed as CEO of OGH1  on April 20, 2026 Olam Group Limited (“Olam Group” or “OGL”) has published its 2025 Annual Report entitled “From Vision to Value”, which comprises three comprehensive components – Strategic Report
      Read more
      Press release
      6th Apr, 2026

      Olam Group announces proposed divestment of Mindsprint to Wipro as part of its Re-organisation Plan

      Singapore  Olam Group to divest its IT and digital services business, Mindsprint, to global technology services and consulting company, Wipro, for US$375 million, marking another step forward in its Updated 2025 Re-organisation Plan1.  Awards an eight year strategic transformation deal to Wipro with a committed annual spend of US$100 million.  The combined capabilities of both Mindsprint and Wipro will accelerate Olam Group’s mission-critical programmes, strengthen its core operation and deliver scalable outcomes.  Olam Group Limited (“Olam Group” or the “Company”, together with its subsidiaries “the Group”) today announced that it has entered into a definitive agreement with Wipro Limited (“Wipro”) to sell its 100% stake in Mindsprint Pte. Ltd. (“Mindsprint”) for a cash consideration of US$375 million, subject to closing adjustments (the “Proposed Sale”).  The Proposed Sale is in line with the Group’s Updated 2025 Re-organisation Plan to respons
      Read more

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