Azim Premji gifts 10 million shares worth nearly Rs 500 crore to his sons

Wipro founder Azim Premji gifted 10.2 million shares worth nearly Rs 500 crore to his sons, Rishad and Tariq. The transaction does not alter the overall promoter and promoter group shareholding in the company, which remains the same. As of December, Wipro promoters and the promoter group held 72.9% in the company.