Mar 15, 2012, 08.39 AM IST

Wipro says raised $150 mln from share auction

A trust controlled by Wipro's billionaire founder Azim Premji raised 7.5 billion rupees by selling 17.8 million shares through a newly approved share auction process, the trust said in a statement on Wednesday

Source: Reuters
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Wipro says raised $150 mln from share auction
A trust controlled by Wipro's billionaire founder Azim Premji raised 7.5 billion rupees by selling 17.8 million shares through a newly approved share auction process, the trust said in a statement on Wednesday.


Proceeds from the share sale will be used to finance the education activities of the Azim Premji Foundation, a non-profit unit set up by Premji to improve the quality of education in the country, Wipro said on Monday.


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