Azim Premji’s charity arms get Rs 18,000 crore in 5 years
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Two of his philanthropic arms, Azim Premji Trust and Azim Premji Philanthropic Initiatives, are classified as part of the promoter group, and hold 10.2% and 0.27% of the company respectively. While the dividends over the years were sizable, what added to the corpus was the four buybacks that Wipro did in the last five years.
Azim Premji
(This story originally appeared in on Jul 13, 2021)Azim Premji’s philanthropic arms have received over Rs 18,000 crore in dividends and buybacks over the past five years. And the numbers are rising since 2019, when Premji committed that the economic benefits that come from 67% of
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India Business News: Wipro founder-chairman Azim Premji and the promoter group tendered 22.8 crore shares worth Rs 9,156 crore in the company's share buyback, paring their
Wipro Share Price Gains After Completing Rs 9,500-crore Buyback moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Wipro completes Rs 9,500-crore buyback programme
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Last Updated: Jan 17, 2021, 11:21 AM IST
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The buyback saw Azim Premji-affiliated entities tendering 22.89 crore shares worth about Rs 9,156 crore during the process, a regulatory filing said.
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NEW DELHI: IT services major Wipro on Saturday said it has completed its Rs 9,500-crore share buyback programme.
The buyback saw Azim Premji-affiliated entities tendering 22.89 crore shares worth about Rs 9,156 crore during the process, a regulatory filing said. (A total of) 23.75 crore equity shares were bought back under the buyback at a price of Rs 400 per equity share.The total amount utilized in the buyback is Rs 9,500 crore, it added.