Azim Premji’s younger son Tariq Premji got the attention of netizens after he received a massive Rs 250 crore worth of gift from his billionaire father.
Billionaire businessman Azim Premji gifted 1 crore shares worth Rs 500 crore to his sons, Rishad and Tariq. Rishad is currently the chairman of Wipro, while Tariq is the vice president of Azim Premji Endowment Fund. With this transaction, Azim Premji now owns 4.12% of Wipro.
While Azim Premji’s elder son Rishad is often in the limelight, not many know about Tariq Premji, the key person behind the philanthropic activities by Azim Premji Foundation.
Azim Premji, 78, owned 22,58,08,537 shares, or 4.32%, in Wipro until last week. On 20 January, Premji gave 51,15,090 shares, each, to elder son Rishad, who is the chairman of Wipro, and to Tariq, who works at Azim Premji Foundation.