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Azim Premji Trust sold a 1.93% stake in Wipro for about $688 million, boosting the stock by 1.26%.
The Azim Premji Trust sold 20.23 crore Wipro shares, representing a 1.93% stake, for ₹5,057 crore, or about $688 million, on June 9, 2025.
The shares were bought by three entities within the Wipro promoter group at ₹250 each, leading to a 1.26% increase in Wipro's stock price.
Wipro reported a 25.9% rise in net profit but warned of potential negative impacts due to changes in tariffs, trade policies, and immigration laws.
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Azim Premji Trust vendió una participación del 1.93% en Wipro por unos 688 millones de dólares, aumentando las acciones en un 1.26%.