85 Azim Premji transfers 300 mn Wipro shares worth Rs 12,300 cr to trust
BANGALORE: Azim Premji, chairman of the Azim Premji Foundation, announced on Friday that he has transferred 295.5 million equity shares representing 12% of the total shares of Wipro Ltd, held by certain entities controlled by him, to an irrevocable trust. With this transfer (valued at about Rs 12,300 crore based on current market price), the trust’s shareholding in Wipro will go up to about 19.93%. This trust will utilize the […]