The billionaire Azim Premji, chairman of Indian conglomerate Wipro Ltd. will give a further 34 percent of shares in the company worth $7.5 billion to support philanthropic activities.
According to NDTV report this is the most generous donation in Indian history.
“With this action, the total value of the philanthropic endowment corpus contributed by Mr. Premji is $21 billion, which includes 67% of economic ownership of Wipro.”
According to the report, Premji’s foundation works directly in education and supports over 150 other non-profits serving under-privileged and marginalized Indians through multi-year financial grants.
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