Bengaluru: wipro founded by Azim Premji has gifted 10.2 million shares worth about Rs 500 crore to his sons- Rishad and Date – Stock exchange filings revealed on Wednesday. Prem Ji He gave 51,15,090 shares to each of his sons which is 0.2% of the share capital of the company.
Rishad Premji is the chairman of Wipro, while Tariq Premji is the vice-chairman at Azim Premji Endowment Fund – an entity set up by Azim Premji to fund his philanthropic initiatives. Additionally, he serves as a board member of the Azim Premji Foundation and Azim Premji Philanthropic. Initiative. Following the transaction, Azim Premji’s family holds a 4.4% stake in the company, with the senior Premji holding 4.3% and his wife 4.3%. Yasmin Premji holds 0.05% stake and the two sons each hold 0.03% stake.
The transaction will not lead to any change in the overall promoter and promoter group stake in the company, which will remain the same after the proposed transaction as the transfer is within the group.
Rishad Premji is the chairman of Wipro, while Tariq Premji is the vice-chairman at Azim Premji Endowment Fund – an entity set up by Azim Premji to fund his philanthropic initiatives. Additionally, he serves as a board member of the Azim Premji Foundation and Azim Premji Philanthropic. Initiative. Following the transaction, Azim Premji’s family holds a 4.4% stake in the company, with the senior Premji holding 4.3% and his wife 4.3%. Yasmin Premji holds 0.05% stake and the two sons each hold 0.03% stake.
The transaction will not lead to any change in the overall promoter and promoter group stake in the company, which will remain the same after the proposed transaction as the transfer is within the group.
