File image of Azim Premji and his son Rishad Premji of WIPRO
| Photo Credit: HANDOUT E MAIL
Wipro founder Azim Premji has transferred 1.02 crore equity shares of Wipro held by him to his two sons –Rishad Premji and Tariq Premji — as ‘reward’, in accordance to change submitting.
The Wipro scrip is at present valued at ₹472.9 per share, and at roughly this worth, the transferred shares will quantity to a whopping ₹483 crore. Tech magnate Azim Premji’s son Rishad Premji at present helms Wipro as its Executive Chairman, and is a distinguished face of the IT business.
“I, Azim H Premji, wish to intimate you that 1,02,30,180 equity shares of Wipro Limited held by me, amounting to 0.20% of the share capital of the company were transferred to Rishad Azim Premji and Tariq Azim Premji in the form of gift,” Wipro submitting on Wednesday mentioned.
The transaction, nonetheless, wouldn’t alter the general promoter and promoter group shareholding within the firm and it’ll stay the identical even after the proposed transaction.
In one other submitting by Wipro, Rishad Premji knowledgeable that 51,15,090 equity shares of Wipro Ltd has been obtained as reward from Azim Premji.
The same intimation was made for Tariq Premji, informing that he has additionally been gifted 51,15,090 equity shares of Wipro Ltd by Azim Premji.
