BENGALURU: Wipro founder Azim Premji has gifted 10.2 million shares worth almost Rs 500 crore to his sons – Rishad and Tariq – the inventory alternate submitting on Wednesday confirmed. Premji gave 51,15,090 shares to every of his sons that quantities to 0.2% of the share capital of the corporate.
Rishad Premji is the chairman of Wipro, whereas Tariq Premji is VP at Azim Premji Endowment Fund – an entity arrange by Azim Premji to fund his philanthropic initiatives.In addition, he serves as a board member of Azim Premji Foundation, and Azim Premji Philanthropic Initiatives. After the transaction, Azim Premji’s household owns 4.4% within the firm of which, the senior Premji owns 4.3%, his spouse Yasmeen Premji owns 0.05% and the 2 sons personal 0.03% every.
The transaction wouldn’t alter the general promoter and promoter group shareholding within the firm, which shall stay the identical even after the proposed transaction since this switch is inside the group.
Rishad Premji is the chairman of Wipro, whereas Tariq Premji is VP at Azim Premji Endowment Fund – an entity arrange by Azim Premji to fund his philanthropic initiatives.In addition, he serves as a board member of Azim Premji Foundation, and Azim Premji Philanthropic Initiatives. After the transaction, Azim Premji’s household owns 4.4% within the firm of which, the senior Premji owns 4.3%, his spouse Yasmeen Premji owns 0.05% and the 2 sons personal 0.03% every.
The transaction wouldn’t alter the general promoter and promoter group shareholding within the firm, which shall stay the identical even after the proposed transaction since this switch is inside the group.
