Azim Premji, group entities offload ₹7,300 crore shares in buyback

NEW DELHI : Azim Premji and other promoter group entities sold about 224.6 million shares worth over ₹7,300 crore during the Wipro buyback offer that closed last month.

In a regulatory filing on Wednesday, Wipro said it had bought back 323 million equity shares under the buyback scheme at ₹325 apiece, and the total amount utilized was about ₹10,499.99 crore.

Approximately 6.12 crore shares from Azim Premji Partner representing Zash Traders, 60.3 million shares from Azim Premji Partner representing Prazim Traders and 50.2 million shares from Azim Premji Partner representing Hasham Traders were accepted under the buyback, it added.