BUSINESS
The 79-year-old is also one of the richest people in India. According to Forbes, he has a real-time net worth of USD 12.3 billion.
Azim Premji is a well-known businessman in the tech world. He runs IT major Wipro, which is among India's largest software services providers. Now, the tech magnate has bought a 1.6 pc stake in Wipro for Rs 4,757 crore.
His private equity investment firm, Premji Invest, on Friday, bought a 1.6 per cent stake in Wipro for Rs 4,757 crore through an open market transaction. Premji's PE firm through its arm Prazim Trading and Investment Company Pvt Ltd acquired shares of Wipro through a block deal on the National Stock Exchange (NSE). The market cap of Wipro is Rs 2.97 lakh crore, as of November 8.
As per the data, Prazim Trading and Investment Company purchased 8,49,54,128 shares, amounting to a 1.62 per cent stake in Bengaluru-based Wipro. The shares were picked up at an average price of Rs 560 apiece, taking the transaction value to Rs 4,757.43 crore.
Meanwhile, Azim Premji promoted Prazim Traders sold over 4.49 crore shares of Wipro, while Zash Traders sold 4 crore shares of the company at the same price. Prazim and Zash Traders are the two promoter entities of Wipro. Shares of Wipro rose 0.92 per cent to close at Rs 568.60 apiece on the NSE.
READ | Mukesh Ambani loses Rs 74563 crore in 5 days, Reliance emerges as biggest...
Premji is among the world's most generous billionaires. The 79-year-old is also one of the richest people in India. According to Forbes, he has a real-time net worth of USD 12.3 billion. He currently stands at the 190th spot on Forbes Billionaires' list.
(With inputs from PTI)
Russia plans to boost birth rate with 'Ministry of Sex', here's how
Jharkhand HC issues notice to MS Dhoni in business deal case, asks him to...
IND vs SA, 3rd T20I Dream11 prediction: Fantasy cricket tips for India vs South Africa match
Meet IAS officer, aka 'Collector Bro', who cracked UPSC exam in 2007, now suspended due to...
Here’s why Chunky Panday wouldn’t stay in Shah Rukh Khan’s house in London
Yash's Toxic in trouble? FIR filed against producers of KGF star's upcoming actioner for illegal...
Meet Dr Priti Challa, Kangana Ranaut film director Krish Jagarlamudi's second wife, she leads...
Yaariyan actor Himansh Kohli ties the knot with mystery girl in Delhi temple, first wedding pics out
‘Sometimes I wish I was more tough, more thick-skinned,’ says Aishwarya Rai in viral video
KL Rahul sweats hard in Perth nets ahead of BGT series, WATCH video here
Shahid Kapoor, wife Mira Kapoor rent out their Rs 580000000 luxury Mumbai apartment for Rs...
South Korean actor Song Jae-rim dies at 39 in Seoul apartment
Viral video: Thar SUV gets stuck on railway track after man tries to shoot reel, watch here
Elon Musk's new X post claims Putin must not be blamed for Russia-Ukraine war, instead names…
Fabulous Lives vs Bollywood Wives fame Shalini Passi reveals 'Mom used chilli powder in my...'
My experiences with dating apps
Zomato CEO Deepinder Goyal reveals how company got its name, says 'we wanted…'
Key Differences Between the Indian Stock Market and Global Indices
Stock prices vs company valuation: Is your stock worth it?
Navjot Singh Sidhu is back on Kapil Sharma's show after five years, but there's a twist
Mukesh Ambani set to invest Rs 65000 crore in THIS Indian state, it will be Reliance's biggest...
Mohammed Shami to return to competitive cricket; star pacer set to play for…
Makoons World School brings a new approach to K-12 education across India
Pakistan Cricket looking to take BIG step on Champions Trophy issue, planning to...
Did Isha Ambani lend Neetu Kapoor her Navratna necklace? Reddit users react
J-K: Gunfight underway between security forces and terrorists in Bandipora
Viral video shows women as 'live mannequins' in mall, sparks fury; WATCH
As Vistara bids goodbye, Air India-Vistara's first flight takes off from Mumbai to...
GATE 2025 Schedule: Exams to begin from February 1; Check full timetable here
CBSE announces BIG changes in Class 10,12 board exams 2025, know details here
Veteran Bengali actor Manoj Mitra dies at 86
Isha Ambani graces Diwali party as she walks with her twins, husband, WATCH
Donald Trump plans to pick Marco Rubio as US Secretary of State: Report
Vadodara IOCL refinery fire: Death toll rises to 2; probe underway
Shah Rukh Khan death threat: Mumbai police arrest accused from Chhattisgarh's Raipur
Delhi reports record high chikungunya, malaria cases in 5 years
Japan's Nara deer's polite bow to Indian woman leaves netizens in awe, WATCH
Meet MS Dhoni’s sister Jayanti Gupta who works as teacher, is married CSK star's...
Pakistani TikTok star Minhal Malik's popularity soars in India, sees unprecedented 100-time surge
Seo Hyun Jin dramatically apologises to BTS ARMY, says 'I know a lot of...'
Amid threats of violent protests, Brampton Triveni temple cancels event
Mike Waltz, India caucus head, named Donald Trump's National Security Advisor
Mukesh Khanna returns as Shaktimaan, 90s kids dance with joy
This Indian man owns a train, he's not Mukesh Ambani, Gautam Adani, has net worth of...
SSC CHSL Exam 2024 admit cards to be released today at ssc.gov.in; get direct link here
‘He will play his last game in…’: CSK CEO provides massive update on MS Dhoni’s IPL future