Wipro Block Deal: Azim Premji Trust Sells ₹5,058 Cr Stake

The Azim Premji Trust offloaded 20.23 crore shares (around 1.93% stake) in Wipro Ltd via a block deal, raising about ₹5,058 crore at an average price of ₹250/share. This move was part of internal restructuring, with shares mostly bought by other promoter group entities. Despite the sale, Premji Group remains firmly in control, holding over 72% stake in the company.