Key Highlights
- Azim Premji Trust offloaded a 1.93% Wipro stake (20.23 crore shares) via block deal worth ₹5,057 crore.
- Shares were bought by promoter-group entities—Hasham, Prazim, and others—sharpening intra-group holding shifts.
Exchange data indicates that in open market transactions, promoter group entities exchanged about 20.23 crore shares of Wipro, or 1.93 percent of the company.
Wipro's stock closed at Rs 251.30 on the BSE, up 1.09 percent. On the NSE, the stock ended the day 1.26 percent higher at Rs 251.72 per share.
The promoter company Azim Premji Trust sold 20.23 crore equity shares, or 1.93 percent of Wipro, according to block deal data that is available on the NSE. At an average price of Rs 250 per share, the deal, which was worth about Rs 5,057 crore, was finalized.
Hasham Traders and Prazim Traders purchased these shares at the same price as Premji Invest through its subsidiary Prazim Trading and Investment Company Pvt Ltd.
Also Read: Wipro Shares Climb 2% on 500 Million Pound Deal with Phoenix
Hasham, Zash, and Prazim Traders are members of the promoter group for Wipro.
Premji Invest, through Prazim Trading and Investment Company, paid Rs 4,757 crore in November of last year for 8.49 crore shares, or 1.6% of Wipro, while Prazim and Zash Traders sold an equivalent number of shares in the IT company.
