Premji Group Reaffirms Significant Wipro Stake in Amended 13G/A

TL;DR

**Premji and his group are still major Wipro shareholders, signaling long-term confidence.**

AI Summary

Azim H. Premji and his associated entities, including Azim Premji Philanthropic Initiatives Pvt. Ltd. and Hasham Investment & Trading Co. Pvt Ltd., filed an amended SC 13G/A on February 6, 2024, for their holdings in Wipro Limited. This filing, Amendment No. 7, indicates their continued significant beneficial ownership of Wipro's Equity Shares, par value Rs. 2 per share, as of December 31, 2023. This matters to investors because it confirms the long-term commitment and substantial stake held by the company's founder and related trusts, signaling stability and confidence in Wipro's future.

Why It Matters

This filing confirms that Azim H. Premji and his associated entities maintain a substantial ownership stake in Wipro, which can be a positive signal of stability and long-term commitment for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing is an amendment confirming existing ownership, not indicating a major change in holdings or a new, volatile event.

Analyst Insight

A smart investor would view this filing as a reaffirmation of long-term commitment from the founder's group, suggesting stability and potentially reduced downside risk, which could be a positive factor when evaluating Wipro stock for long-term holdings.

Key Numbers

• Rs. 2 — Par value per share (The par value of Wipro Limited's Equity Shares, as stated in the filing.)
• 7 — Amendment Number (This is the seventh amendment to the Schedule 13G filing for Wipro Limited by Azim H. Premji.)

Key Players & Entities

• Azim H. Premji (person) — Reporting Person and founder of Wipro
• Wipro Limited (company) — Subject Company (Issuer) of the securities
• Azim Premji Philanthropic Initiatives Pvt. Ltd. (company) — Group Member associated with Azim H. Premji
• Hasham Investment & Trading Co. Pvt Ltd. (company) — Group Member associated with Azim H. Premji
• December 31, 2023 (date) — Date of Event requiring the filing
• Rs. 2 (dollar_amount) — Par value per share of Wipro's Equity Shares

Forward-Looking Statements

• Azim H. Premji and his associated entities will maintain a significant ownership stake in Wipro Limited. (Azim H. Premji) — high confidence, target: December 31, 2024
• The continued substantial ownership by the founder's group will contribute to perceived stability for Wipro's stock. (Wipro Limited) — medium confidence, target: June 30, 2024

FAQ

Filing Documents

• d758902dsc13ga.htm (SC 13G/A) — 162KB
• 0001193125-24-025308.txt ( ) — 164KB

From the Filing

SC 13G/A 1 d758902dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 7)* WIPRO LIMITED (Name of Issuer) Equity Shares, par value Rs. 2 per share (Title of Class of Securities) 97651M109 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1. Names of Reporting Persons. Azim H. Premji 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Citizenship or Place of Organization Republic of India Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power 225,808,537 6. Shared Voting Power 0 7. Sole Dispositive Power 225,808,537 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,808,420,449 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): 11. Percent of Class Represented by Amount in Row (9) 72.90% 12. Type of Reporting Person (See Instructions) IN Page 1 of 18 1. Names of Reporting Persons. Hasham Traders 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Citizenship or Place of Organization Republic of India Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power 0 6. Shared Voting Power 883,913,365 7. Sole Dispositive Power 0 8. Shared Dispositive Power 883,913,365 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,808,420,449 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): 11. Percent of Class Represented by Amount in Row (9) 72.90% 12. Type of Reporting Person (See Instructions) PN Page 2 of 18 1. Names of Reporting Persons. Prazim Traders 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Citizenship or Place of Organization Republic of India Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power 0 6. Shared Voting Power 1,065,603,101 7. Sole Dispositive Power 0 8. Shared Dispositive Power 1,065,603,101 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,808,420,449 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): 11. Percent of Class Represented by Amount in Row (9) 72.90% 12. Type of Reporting Person (See Instructions) PN Page 3 of 18 1. Names of Reporting Persons. Zash Traders 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Citizenship or Place of Organization Republic of India Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power 0 6. Shared Voting Power 1,080,566,791 7. Sole Dispositive Power 0 8. Shared Dispositive Power 1,080,566,791 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,808,420,449 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): 11. Percent of Class Represented by Amount in Row (9) 72.90% 12. Type of Reporting Person (See Instructions) PN Page 4 of 18 1. Names of Reporting Persons. Hasham Investment and Trading Co. Pvt Ltd. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Citizenship or Place of Organization Republic of India Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power 1,355,953 6. Shared Voting Power 0 7. Sole Dispositive Power 1,355,953 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,808,420,449 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): 11. Percent of Class Represented by Amount in Row (9) 72.90% 12. Type of Reporting Person (See Instructions) OO Page 5 of 18 1. Names of Reporting Persons. Azim Premji Philanthropic Initiatives Pvt. Ltd. 2. Check the Appropriate B

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