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Premji's Wipro stake

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.

Azim Premji
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
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

Published on: Jul 07, 2011, 11:51 AM IST
Posted by: Navneeta N, Jul 07, 2011, 11:51 AM IST