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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 Rishad and Tariq

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

<h2>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%</h2>

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&rsquo; 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.
<h3>Gifting Wipro shares</h3>
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 (&ldquo;Company&rdquo;) as a gift from Azim Premji.
Also Read: <a href="https://www.editorji.com/business-news/wipro-s-rishad-premji-takes-50-pay-cut-in-fy23-1685012502483">Wipro's Rishad Premji takes 50% pay cut in FY23</a>
&ldquo;I, Rishad Azim Premji, (the &ldquo;Buyer&rdquo;) wish to intimate you that 51,15,090 equity shares of Wipro Limited (&ldquo;Company&rdquo;) has been received as Gift from Mr. Azim Hasham Premji,&rdquo; 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.&nbsp;
The Premji family members together own 4.43% shares in Wipro, including Azim Premji&rsquo;s wife Yasmeen owning 0.05% and the two sons hold 0.13% each. The total promoters&rsquo; stake in Wipro at the end of December last year stood at 72.90%.

Billionaire tycoon Gautam Adani is at seventh in the list with a donation of Rs 190 crore.

This IT tycoon bags the title of 'India's Most Generous'

Billionaire tycoon Gautam Adani Gautam Adani is at seventh in the list with a donation of Rs 190 crore.

This IT tycoon bagged the title of 'India's Most Generous'

77-year-old IT tycoon Shiv Nadar claimed the top spot in 2022

With an yearly donation of Rs 1,161 crore software giant HCL's founder, Shiv Nadar bagged the title of 'India's Most Generous' for the year 2022
As per the EdelGive Hurun India Philanthropy List 2022, Nadar roughly donated Rs 3 crore per day.&nbsp;
77-year-old IT tycoon Nadar claimed the top spot in 2022 followed by Wipro&rsquo;s Azim Premji at the second place with an annual donation of Rs 484 crore. 3rd and 4th spots in the EdelGive Hurun India Philanthropy List were occupied by Reliance Industries chairman Mukesh Ambani and Aditya Birla Group's Kumar Mangalam Birla.
Asia's richest man Gautam Adani is at seventh in the list with a donation of Rs 190 crore.
Among the women, Rohini Nilekani emerged as the most generous woman philanthropist with a donation of ₹120 crore. &nbsp;
According to the list, a total of 15 individuals made an annual donation of over Rs 100 crore, 20 donated over Rs 50 crore and 43 over Rs 20 crore in India this year

azim premji

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