February 22, 2013, Bangalore: Azim Premji, Chairman of the Azim Premji Foundation, announced today that he has transferred 295.5 million equity shares representing 12% of the total shares of Wipro Ltd., held by certain entities controlled by him to an irrevocable trust. With this transfer (valued at approximately Rs 12,300 crores/Rs 123 billion based on current market price), the trust’s shareholding in Wipro will go up to about 19.93% This trust will utilize the endowment to fund, various social, not-for-profit initiatives of the Foundation, which are expected to scale significantly over the next few years.
On 14th of Feburary’2013, Azim Premji Foundation, Dehradun, organized a musical evening to rejuvenate Kabirana thoughts (thoughts of Kabir,Raheem,Bulleh Shah, Ruskhan). The occasion was graced by the presence of Mukhitiya Ali ji, a Sufi singer who filled the evening with songs and music to delight the audiences. That event was a mystical experience which got imprinted in the being of people present.
SANGAM which we have started since last year is not only an event or celebration for the team or participants but it is a process of assimilating thoughts, ideologies, emotions which is epitomized through vivid expressions of academic as well as cultural representation.