Wipro promoter Azim Premji and promoter companies tendered 22,89,04,785 shares worth ₹9,156 crore during share buyback process held between December 29, 2020 and January 11, 2021, said Wipro Ltd in a regulatory filing on Tuesday.
Azim Premji Trust tendered 19.87 crore shares, Hasham Traders tendered 1 crore shares and Azim Premji Philanthropic Initiatives tendered 51.82 lakh shares. Azim Hasham Premji, Partner, representing Zash Traders and Azim Hasham Premji, Partner, representing Prazim Traders tendered 75 lakh shares each, as per the filing.
Post the buyback, the promoters now hold 73.04 per cent stake in the company, almost 1 per cent down from the earlier 74 per cent, while the remaining 26.96 per cent stake is being held by foreign investors, financial institutions and others.
Wipro had announced a buyback of up to 23,75,00,000 full paid-up equity shares and the company adopted a tender offer route for the buyback. It said, 23.75 crore equity shares were bought back under the buyback at a price of ₹400 per equity share. The total amount utilised in the buyback is ₹9,500 crore.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.