Azim Premji, the founder of Wipro, gave a huge gift to his two sons, Rishad and Tariq. He presented them 1.02 crore of his company shares, which is a lot of money, around Rs 483 crore. Share price of the company is now at Rs 472.9. Rishad Premji, Azim Premji’s son, is Company’s Executive Chairman. He is a well-known figure in the IT sector.
According to official paperwork, Rishad received 51,15,090 shares as a gift from his father, Azim Premji. Tariq, Azim Premji’s second son, also received 51,15,090 company shares as a present from his father.