Azim Premji Trust Pares Wipro Stake Via Bulk Deal, Affiliates Pick Up Shares

Wipro Ltd.’s promoter entity Azim Premji Trust has sold 180.5 million shares, or 1.72% stake, in the company via a bulk deal on the National Stock Exchange. The shares were sold at an average price of ₹258.99 each, amounting to a total of ₹46.75 billion.

Meanwhile, partners of Azim Hasham Premji—representing Prazim Traders and Zash Traders—acquired the same number of shares through separate bulk deals on the exchange. Prazim Traders bought 59.5 million shares, or nearly 0.6% stake, and Zash Traders picked up 121 million shares, or over 1.1% stake, at the same price.

As of March 31, Azim Premji Trust held a 10.2% stake in Wipro, while Prazim Traders and Zash Traders held 19.5% and 19.9% stakes, respectively, according to NSE data.