UPDATE 1-Wipro Chairman Premji pledges 34 pct of company shares for philanthropy [Reuters]
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Source: Reuters
UPDATE 1-Wipro Chairman Premji pledges 34 pct of company shares for philanthropy | Reuters 1 Min Read (Adds details) March 13 (Reuters) - Wipro Ltd Chairman Azim Premji has pledged about 34 percent of the company’s shares controlled by him towards philanthropy, the Azim Premji Foundation said on Wednesday. The commitment, worth 527.50 billion rupees ($7.5 billion), would take the total value of the endowment corpus contributed by Premji to 1.45 trillion rupees ($21 billion), it said. Premji and entities controlled by him hold about 74 percent stake in Wipro, according to exchange data. Premji, India’s second richest man, was instrumental in turning Wipro from a vegetable oil manufacturer to a software services company nearly four decades ago. Azim Premji Foundation is a not-for profit organisation that works in the field of education and runs a university in Bengaluru. Shares of the Bengaluru-headquartered software services exporter closed at 257.90 rupees on Wednesday. $1 = 69.5100 I
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News
- Wipro Announces Results for the Quarter and Year ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Wipro Announces Results for the Quarter and Year ended March 31, 2024Business Wire
- Wipro Limited (NYSE: WIT) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Wipro Appoints Malay Joshi as Chief Executive Officer for Americas 1 Strategic Market Unit [Yahoo! Finance]Yahoo! Finance
- Wipro Appoints Malay Joshi as Chief Executive Officer for Americas 1 Strategic Market UnitBusiness Wire
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- 2/20/24 - Form 6-K
- WIT's page on the SEC website