Premji Invest buys 1.6% stake in Wipro for Rs 4,757 crore

Azim Premji's PE firm through its arm Prazim Trading and Investment Company acquired shares of Wipro through a block deal on the NSE

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26 Aug, 2025 12:21

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Premji Invest, the private equity firm of Billionaire Azim Premji, bought a 1.6 percent stake in IT company Wipro for Rs 4,757 crore through an open market transaction.

Premji Invest, through its arm Prazim Trading and Investment Company Pvt Ltd, acquired the shares of Wipro through a block deal on the National Stock Exchange (NSE) on November 8.

As per the data, Prazim Trading and Investment Company purchased 8,49,54,128 shares, amounting to a 1.62 percent stake in Bengaluru-based Wipro.

The shares were picked up at an average price of Rs 560 apiece, taking the transaction value to Rs 4,757.43 crore.

Other acquirers and Persons Acting in Concert (PAC) with the acquirer include Tariq Azim Premji, Rishad Azim Premji, Azim H Premji, Yasmeen A Premji, Hasham Investment and Trading Co Pvt Ltd, Azim Premji Trust, and Azim Premji Philanthropic Initiatives.

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. Shares of Wipro rose 0.92 percent to close at Rs 568.60 apiece on the NSE.

(With PTI inputs)