Wipro founder Azim Premji (File photograph)
Tech magnate Azim Premji’s son Rishad Premji at present helms Wipro as its Executive Chairman, and is a outstanding face of the IT business.
Wipro founder Azim Premji has transferred 1.02 crore fairness shares of Wipro held by him to his two sons –Rishad Premji and Tariq Premji– as ‘gift’, in response to an change submitting.
The Wipro scrip is at present valued at Rs 472.9 per share, and at roughly this worth, the transferred shares will quantity to a whopping Rs 483 crore.
“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 per cent 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 stated.
Tech magnate Azim Premji’s son Rishad Premji at present helms Wipro as its Executive Chairman, and is a outstanding face of the IT business.
The transaction, nevertheless, 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 fairness shares of Wipro Ltd has been acquired as present from Azim Premji.
The same intimation was made for Tariq Premji, informing that he has additionally been gifted 51,15,090 fairness shares of Wipro Ltd by Azim Premji.
(With PTI inputs)
