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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The next generation has an altruistic streak, leans towards philanthropy now more than ever
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Last Updated: Apr 08, 2021, 08:35 AM IST
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India s appetite for giving has radically increased during the pandemic - 85% respondents plan to increase their giving, with 74% more inclined to contribute to local communities.
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NEW DELHI: Families in India have shown great traction in their philanthropic actions over the last year as they deployed both short-term relief funding as well as longer term grants to non-profits in the face of the coronavirus pandemic and the momentum is likely to continue this year as well, says a report. Dasra, a strategic philanthropy foundation, on Wednesday released the top ten philanthropy trends for 2021, as per which, family giving is expected to witness an increase in 2021.