Azim Premji gifts Wipro shares worth Rs 500 crore to sons Rishad and Tariq

Billionaire businessman and Wipro founder Azim Premji has gifted over 10 million or 1 crore shares, worth about Rs 500 crore to his two sons, Rishad and Tariq, according to data from the stock exchanges.

The shares amount to 0.20% of the share capital of Wipro, adding 0.10% each to the sons’ holding in the company.