Wipro chief Premji buys 10pc stake in Subhiksha
Labels: Top NewsAzim Premji, promoter of Wipro, has bought a 10 per cent stake in food and grocery retailer Subhiksha for about Rs 230 crore. This transaction was done by Premji's personal investment entity Zash Investments Limited. The stake was bought from ICICI Ventures, a private equity arm of ICICI Bank, sources said. Subhikha Managing Director R Subramanian was not available for comment. After this transaction, Subhikha's promoters will have 59 per cent stake in Chennai-based retailer, followed by ICICI Ventures' 23 per cent. Mutual funds have 5 per cent holding. The employees control 3 per cent stake through stock option route..... To Read more Click Here
