Wipro Limited Chairman Azim Premji Denies News Report on Sale of Stake
Shital Jibhe / 06 Jun 2017
Writing a letter to Wipro employees, Azim Premji, the Chairman of Wipro Limited has denied a report that said that he was looking at selling his stake in the IT company.
Writing a letter to Wipro employees, Azim Premji, the Chairman of Wipro Limited has denied a report that said that he was looking at selling his stake in the IT company.
Azim Premji and his family together hold 73.25% shares in the company.
Azim Premji said, "Over the past 50 years, I have seen Wipro grow from a small regional player in vegetable oils to a global leader in technology. I continue to be incredibly excited about the potential of the IT industry and Wipro. I see enormous energy within the company to power the success of our clients and therefore the success of Wipro".
At Rs 564 per share, Wipro was up by 1.5% at 1302 hours IST on Tuesday, on BSE. It hit a high of Rs 567.85 and a low of Rs 552.30 so far during the day.
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