Azim Premji owned Wipro enterprises and foundation pledge Rs 1,125 cr to fight COVID-19

In a big move, Azim Premji owned Wipro Ltd, Wipro Enterprises Ltd, and Azim Premji Foundation have toger committed Rs 1125 Crore towards tackling Coronavirus pandemic that has infected over 1400 people nationwide. Of Rs 1,125 crore, Wipro Ltd’s commitment is Rs 100 crore, Wipro Enterprises Ltd’s is Rs 25 crore, and that of Azim Premji Foundation is Rs 1,000 crore, according to official statement issued by company. 

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"se resources will help enable dedicated medical and service fraternity in frontline of battle against pandemic and in mitigating its wide-ranging human impact, particularly on most disvantd of our society," re  company's statement which was released on Wednesday.

"se sums are in dition to annual corporate social responsibility (CSR) activities of Wipro, and usual philanthropic spends of Azim Premji Foundation," statement ded. Apart from this, IT czar Azim Premji has also earmarked ecomic benefits of about 34 per cent of his shares in Wipro, worth Rs 52,750 crore, for his foundation involved in philanthropy, according to a statement.

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This comes shortly after social media websites were abuzz with reports that Wipro Chairman & promoter Azim Premji h donated Rs 50,000 crore - an almighty sum - to charity to help purchase equipment required to fight Coronavirus. In a statement to a news channel, Wipro clarified that anuncement of donation was me in March 2019 and t this week.

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