Market Insight

Premji Invest Rs. 4,757 crore bought 1.6 percent stake in Wipro

8 November 2024

Private equity firm Premji Invest on Friday bought IT company Wipro through an open market transaction for Rs. 4,757 crore bought 1.6 percent stake. Billionaire Azim Premji’s PE firm Prazim Trading and Investment Company Pvt Ltd acquired Wipro shares through a block deal on the National Stock Exchange (NSE).

According to the data, Prazim Trading and Investment Company bought 8,49,54,128 shares, accounting for 1.62 per cent stake in Bengaluru-based Wipro.

A share average of Rs. 560, the transaction value was Rs. 4,757.43 crores.

Meanwhile, Azim Premji promoted Prazim Traders sold over 4.49 crore shares of Wipro, while Zash Traders sold 4 crore shares of the company at the same price.

Prazim and Zash Traders are the two promoter entities of Wipro.

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