Latest news with #HashamTraders
News18
an hour ago
- Business
- News18
Wipro Shares In Focus After Azim Premji Trust Sells Equities Worth Rs 5,057 Cr
Last Updated: The primary purchasers in this deal were three entities: Hasham Traders, Prazim Traders, and Prazim Trading and Investment Company Private Limited. Wipro Share Price: Wipro's shares garnered significant attention on Tuesday, June 10, following a major transaction where the Azim Premji Trust sold 20.23 crore equity shares worth Rs 5,057 crore through a block deal. According to NSE data, the equity price for each Wipro share was set at Rs 250. The primary purchasers in this deal were three entities: Hasham Traders, Prazim Traders, and Prazim Trading and Investment Company Private Limited. On Monday, Hasham Traders acquired 11.9 crore equity shares, Prazim Traders bought 5.95 crore shares, and Prazim Trading and Investment Company Pvt Ltd purchased 2.38 crore shares, all at an average price of Rs 250 per share. Wipro's shares closed at Rs 251.30 on BSE on Monday, marking a gain of 1.09 per cent. The stock opened at Rs 249.30, compared to the previous day's close at Rs 248.60. The Azim Premji Trust is a philanthropic organization established by Indian business magnate Azim Premji to support his philanthropic pursuits. It focuses on education, health, and livelihood, aiming to create a more just, equitable, humane, and sustainable society. Azim Premji Trust held 1,06,31,85,966 equity shares in the company which represented 10.15% stake as on March 31, 2025. First Published: June 10, 2025, 07:06 IST
Time of India
13 hours ago
- Business
- Time of India
Wipro block deal: Azim Premji Trust sells over 20 crore shares worth Rs 5,057 crore
Wipro 's promoter entity Azim Premji Trust on Monday sold 20.23 crore shares worth Rs 5,057 crore in the company via a block deal. The buyers were Hasham Traders and Prazim Traders who bought 11.90 crore shares and 5.95 crore shares in the, respectively. Azim Premji Trust held 1,06,31,85,966 equity shares in the company which represented 10.15% stake as on March 31, 2025. The shares were bought at Rs 250 a piece, which was at a 0.60% premium over Friday's closing price of Rs 248.59. Hasham Traders stake buy was at a cost of Rs 2,975 crore while Prazim Traders shelled out at Rs 1,487 crore. Wipro shares today ended at Rs 251.72 on the NSE, up by Rs 3.13 or 1.26% over the Friday closing price. The fourth largest IT services company by way of market capitalization had reported a net profit (attributable to shareholders of the company) of Rs 3,570 crore for the fourth quarter ended March 2025, up 26% from Rs 2,835 crore in the year-ago period. The profit beat Street expectations of Rs 3,290 crore. Revenue from operations in the quarter rose 1% year-on-year (YoY) to Rs 22,504 crore, compared to Rs 22,208 crore in the same period last year. The IT services segment revenue stood at $2,596.5 million in the fourth quarter, reflecting a decline of 1.2% quarter-on-quarter (QoQ) and 2.3% year-on-year (YoY). In constant currency terms, IT services revenue decreased 0.8% QoQ and 1.2% YoY. On a sequential basis, revenue increased by a marginal 0.8%. The profit after tax grew 6% QoQ from Rs 3,354 crore posted in the preceding December quarter. In the fourth quarter, the company reported operating cash flows of Rs 3,750 crore ($438.5 million), marking a 28.2% YoY decline. This represented 104.4% of net income for the quarter.
Mint
13 hours ago
- Business
- Mint
Wipro Block Deal: Azim Premji Trust sells 20.23 crore equity shares worth over ₹5,057 crore — Check details
Wipro Block Deal: Azim Premji Trust sold 20.23 crore equity shares worth over ₹ 5,057 crore through a block deal on Monday, 9 June 2025, according to the official NSE data. Deal details showed that the average selling cost of the block deal was ₹ 250 per share, at which Azim Premji Trust sold the block quantity of shares to three entities, namely Hasham Traders, Prazim Traders, and Prazim Trading and Investment Company Pvt Ltd. On Monday, Hasham Traders purchased 11.9 crore equity shares, while Prazim Traders bought 5.95 crore equity shares, and Prazim Trading and Investment Company Pvt Ltd picked up 2.38 crore equity shares, all at an average execution price of ₹ 250 apiece. (This is a developing story. Please check back for updates.)
