India’s Premji Gives $2.3 Billion to Charity

India’s Premji Gives $2.3 Billion to Charity

Bangalore—Indian billionaire Azim Premji Friday donated shares worth 123 billion rupees ($2.3 billion) in Wipro Ltd. 507685.BY +2.43% to a philanthropic trust he controls, shortly after joining Bill Gates and Warren Buffett’s Giving Pledge club.

Mr. Premji transferred 295.5 million shares from his stake in Wipro to the trust that controls the Azim Premji Foundation, a not-for-profit organization working in the education sector in India. The shares represent 12% of the total outstanding shares of Wipro, the country’s third-largest outsourcing services company.–Read More:online.wsj

Azim Premji
Photo:topnews

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