Highlights

  • Azim Premji gifts over 10 million shares worth Rs 500 crore to sons Rishad and Tariq
  • 10 million shares amount to 0.2% of Wipro's share capital
  • Premji family together owns 4.43% shares in Wipro

Latest news

Israel accepts 6-week ceasefire in Gaza: US official

Israel accepts 6-week ceasefire in Gaza: US official

Gujarat Titans' Robin Minz meets with bike accident, under observation: report

Gujarat Titans' Robin Minz meets with bike accident, under observation: report

Lok Sabha polls | Won’t base my stand on fake contenders: Shashi Tharoor

Lok Sabha polls | Won’t base my stand on fake contenders: Shashi Tharoor

Tiger Woods wins Bob Jones Award, highest USGA honor

Tiger Woods wins Bob Jones Award, highest USGA honor

India behind Pakistan, Bangladesh, Bhutan in unemployment: Rahul Gandhi

India behind Pakistan, Bangladesh, Bhutan in unemployment: Rahul Gandhi

Pakistan looks to mend ties with India, to celebrate National Day in Delhi: report

Pakistan looks to mend ties with India, to celebrate National Day in Delhi: report

WTC points table: India take top spot after New Zealand lose to Australia

WTC points table: India take top spot after New Zealand lose to Australia

Janhvi, Sara, Ananya, Khushi Kapoor dance to Bole Chudiyan with Manish Malhotra, fans call it 'epic'

Janhvi, Sara, Ananya, Khushi Kapoor dance to Bole Chudiyan with Manish Malhotra, fans call it 'epic'

Azim Premji gifts over 10 million Wipro shares worth Rs 500 crore to his sons

The Premji family together owns 4.43% shares in Wipro and the total promoters' stake in the company at the end of December last year stood at 72.90%

Azim Premji gifts over 10 million Wipro shares worth Rs 500 crore to his sons

Wipro founder and Billionaire businessman Azim Premji has gifted over 10 million or 1 crore shares, worth about Rs 500 crore to his two sons, Rishad and Tariq, according to stock exchange filings.

The 10 million shares amount to 0.2% of the share capital of Wipro, adding 0.10% each to the sons’ holding in the company. With this transaction, Azim Premji will hold 4.12% in Wipro in which he took charge as the chairperson at the age of 21.

Gifting Wipro shares

Rishad Premji who is the current Chairman of Wipro in one of the disclosures mentioned that he received 51,15,090 equity shares of Wipro Limited (“Company”) as a gift from Azim Premji.

Also Read: Wipro's Rishad Premji takes 50% pay cut in FY23

“I, Rishad Azim Premji, (the “Buyer”) wish to intimate you that 51,15,090 equity shares of Wipro Limited (“Company”) has been received as Gift from Mr. Azim Hasham Premji,” said one of the disclosures.

Tariq who is a vice president at Azim Premji Endowment Fund - an entity set up by Azim Premji to fund his philanthropic initiatives has also received 51,15,090 equity shares of Wipro.

The Premji family members together own 4.43% shares in Wipro, including Azim Premji’s wife Yasmeen owning 0.05% and the two sons hold 0.13% each. The total promoters’ stake in Wipro at the end of December last year stood at 72.90%.


Up Next

Azim Premji gifts over 10 million Wipro shares worth Rs 500 crore to his sons

Azim Premji gifts over 10 million Wipro shares worth Rs 500 crore to his sons

Info Edge apps restored on Google Play amidst government assurance

Info Edge apps restored on Google Play amidst government assurance

Anant Ambani-Radhika Merchant pre-wedding celebration cost revealed

Anant Ambani-Radhika Merchant pre-wedding celebration cost revealed

Sensex, Nifty hit another record high during special trading session

Sensex, Nifty hit another record high during special trading session

Google removes Naukri and 99acres apps from play store over billing policy violations

Google removes Naukri and 99acres apps from play store over billing policy violations

Paytm Payments Bank hit with Rs 5.49 cr fine for money laundering violations

Paytm Payments Bank hit with Rs 5.49 cr fine for money laundering violations

More videos

Invest Smart 2024: Financial products every woman should invest in

Invest Smart 2024: Financial products every woman should invest in

Elon Musk sues OpenAI and CEO Sam Altman for contract breach

Elon Musk sues OpenAI and CEO Sam Altman for contract breach

February GST collection at Rs 1.68 lakh crore, up 12.5%

February GST collection at Rs 1.68 lakh crore, up 12.5%

97.62% of Rs 2,000 currency notes returned; says RBI

97.62% of Rs 2,000 currency notes returned; says RBI

Rihanna's whopping paycheck for Ambani pre-wedding event revealed

Rihanna's whopping paycheck for Ambani pre-wedding event revealed

Stock exchanges BSE and NSE to conduct special live trading session on Saturday; here's why

Stock exchanges BSE and NSE to conduct special live trading session on Saturday; here's why

From tax-saving deadline to FASTag KYC: Here are 5 critical dates you can't miss in March 2024

From tax-saving deadline to FASTag KYC: Here are 5 critical dates you can't miss in March 2024

GDP for Q3 FY24 forecast to be 6.8%: SBI Ecowrap

GDP for Q3 FY24 forecast to be 6.8%: SBI Ecowrap

Markets spike, hit new record highs after better than expected GDP numbers

Markets spike, hit new record highs after better than expected GDP numbers

Gold, Silver Price Today March 01, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today March 01, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.