In a notable transaction on June 9, 2025, the Azim Premji Trust executed a significant block deal involving Wipro Ltd shares, amounting to over ₹5,000 crore. According to exchange data, a total of 20.23 crore shares were offloaded by the trust through the open market in a deal largely classified as an inter-promoter transfer.
The shares found prominent buyers in entities such as Hasham Traders and Prazim Traders, who purchased 11.9 crore and 5.95 crore shares respectively. The transaction was part of a scheduled block deal window, with the second tranche taking place at 2:00 PM IST.
Market participants noted that the block was mainly internal in nature and did not reflect a change in promoter confidence. The move is seen as part of the Premji Trust’s long-term capital allocation and philanthropic strategy rather than a shift in outlook on the company.
Wipro’s stock remained relatively stable despite the large trade volumes. Shares opened at ₹249.60 and touched an intraday high of ₹253.40 before settling at ₹251.72, up marginally on the day. The stock continued to trade well below its 52-week high of ₹324.60, but remains above its 52-week low of ₹228.00.
