Wipro stake reshuffle: Azim Premji Trust offloads 1.72% for Rs 4,675 crore; promoter entities Prazim and Zash step in as buyers – Times of India

Wipro stake reshuffle: Azim Premji Trust offloads 1.72% for Rs 4,675 crore; promoter entities Prazim and Zash step in as buyers – Times of India

In a significant internal reshuffle, Wipro’s promoter entities executed a stake swap involving 18.05 crore shares, amounting to 1.72% of the company’s equity, through block deals on Wednesday. The transaction, valued at approximately Rs 4,674.77 crore, was carried out at an average price of Rs 258.99 per share.According to stock exchange data, the Azim Premji…

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Akasa Air gets funding boost! Azim Premji-Ranjan Pai family offices to buy significant minority stake – Times of India

Akasa Air gets funding boost! Azim Premji-Ranjan Pai family offices to buy significant minority stake – Times of India

The budget carrier aims to raise $130-140 million through this transaction. Akasa Air stake sale: A consortium led by Premji Invest and Claypond Capital, representing the Bengaluru-based family offices of Wipro founder Azim Premji and Manipal group chief Ranjan Pai, is set to acquire a substantial minority stake in Akasa Air, according to informed sources.The…

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