Premji's Wipro stake

Premji's son, Rishad, sells 2.6 lakh shares of Wipro for around Rs 11 crore, reducing his stake from 0.04 to 0.03 per cent.

Print Edition: 24 Jul, 2011

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Azim Premji

1. 1982-2010 Chairman Azim Premji and his family own 79.52% of Wipro Ltd.

2. April 2010 Rumours abound that Premji will reduce his stake to less than 75% to meet SEBI rule of 25% public holding for all listed companies.

3. April 2010 Premji says finance ministry is expected to change 25% public float norm.

4. December 2010, Premji pledges 8.7% of his shares worth Rs 852 million to the Azim Premji Foundation, his stake falls to 70.8%

Rishad Premji

5. June 18, 2011 Premji's son, Rishad, sells 2.6 lakh shares of Wipro for around Rs 11 crore, reducing his stake from 0.04 to 0.03 per cent.

-Anamika Butalia