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azim premji: Azim Premji gifts Wipro shares worth Rs 500 crore to sons Rishad and Tariq

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.

Wipro Founder Azim Premji Gifts Over 10 Million Shares Worth Rs 500 Cr To Sons - BW Businessworld

Based on Wipro s closing share price of Rs 484.9 on last Friday, the 1,023,180 shares gifted by Premji were valued at Rs 496 crore, , wipro, azim premji

Azim Premji Gifts Rs 500 Crore Worth Wipro Shares To Sons Rishad And Tariq

On January 23, Azim Premji transferred over 51 lakh shares each to his sons, Rishad Premji, who is the chairman of Wipro, and Tariq Premji, serving as Wipro Enterprises non-executive director.

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