Premji transfers Rs 12,300 cr Wipro stock to trust
With this transfer, valued at Rs 12,300 crore, the trustís shareholding in Wipro will go up to 19.93 per cent.
The trust will utilise the endowment to fund various social, not-for-profit initiatives of the Azim Premji Foundation, which are expected to scale significantly over the next few years, Wipro said. The foundation started in 2001, works with the aim of collaborating with various state governments to improve the public schooling system.
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