StockWatch
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Computers - Software & Consulting
Buyback29 Jun 2026, 03:10 pm

Wipro: Azim Premji Philanthropic Initiatives Sells 0.02% Stake in Buyback

AI Summary

Azim Premji Philanthropic Initiatives Private Limited has disclosed the sale of 15,61,658 equity shares, representing 0.02% of Wipro Limited's total share capital, through the company's buyback program. The shares were accepted during the buyback tender period from June 11 to June 17, 2026. Following this transaction, the entity's shareholding in Wipro has reduced, impacting the overall promoter group's stake. The buyback program has also led to a reduction in Wipro's total equity share capital.

Key Highlights

  • Azim Premji Philanthropic Initiatives sold 15.6 lakh shares in Wipro buyback.
  • This sale represents 0.02% of Wipro's total share capital.
  • The transaction occurred during the company's buyback program.
  • The promoter group's direct shareholding has been reduced.
  • Wipro's total equity share capital has decreased post-buyback.