BENGALURU (BLOOMBERG) - Mr Azim Premji, the billionaire chairman of Indian conglomerate Wipro Ltd, will give a further 34 per cent of shares in the company worth US$7.5 billion (S$10.16 billion) to support philanthropic activities, the most generous donation in Indian history.. Read more at straitstimes.com.
BENGALURU - Mr Azim Premji, the billionaire chairman of Indian conglomerate Wipro Ltd, will give a further 34 per cent of shares in the company worth US$7.5 billion to support philanthropic activities, the most generous donation in Indian history.
"With this action, the total value of the philanthropic endowment corpus contributed by Mr Premji is US$21 billion, which includes 67 per cent of economic ownership of Wipro." The foundation set up the Azim Premji University to develop professionals in education and related human development domains. It offers degree programmes and conducts research.The team working in education will scale from the current 1,600 people and grant-making activities will triple.
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