Wipro’s Azim Premji buys shares of 3 companies owned by Mukesh Ambani and Gautam Adani for…, Premji acquires shares through…

One of India’s wealthiest Muslim families, the Premji family, has made strategic investments in companies linked to two of the country’s most prominent business magnates, Gautam Adani and Mukesh Ambani.

The Premji family, led by Azim Premji—the founder of IT giant Wipro and one of the richest individuals in India—commands an impressive net worth of $12.2 billion, according to Forbes. Through Premji Invest, an internationally renowned investment firm associated with Wipro, the family has acquired stakes in nine different companies, including those operated by the Adani and Ambani groups. This move, finalized last week, underscores Premji Invest’s sharp focus on tapping into India’s dynamic corporate ecosystem and collaborating with the country’s leading billionaires.

Premji Invest has acquired shares in nine different firms, totalling a total value of Rs 446 crore.  Open market transactions were used to purchase the shares.