Wipro founder Azim Premji gifts shares worth Rs 500 crore to sons Rishad, Tariq

IT major Wipro's founder chairman Azim Premji on January 23 gifted shares worth Rs 500 crore to his sons Rishad and Tariq, according to an exchange filing.

Azim Premji gifted over 51 lakh shares each to Wipro chairman Rishad Premji and Wipro Enterprises non-executive director Tariq Premji.

The shares gifted accounts for 0.2 percent of the equity.

After the transfer, Azim Premji owns 4.3 percent in the company, while Rishad and Tariq 0.03 percent each.