Overview

• Azim Premji Trust offloaded 20.23 crore shares at an average price of ₹250 each in open-market promoters’ transactions on June 9.
• Promoter affiliates Prazim Trading and Investment Company, Hasham Traders and Prazim Traders acquired the shares under the same deal.
• After the transaction, Wipro’s total promoter holding remained at roughly 72.73% as of March.
• The company relocated its West Asia regional headquarters from Al Khobar to Riyadh and appointed Mohamed Mousa as managing director for the Middle East.
• Wipro signed an MoU with Prince Mohammad Bin Fahd University to launch a Riyadh-based centre of excellence aimed at training local talent in advanced technologies.