A consortium led by Wipro founder Azim Premji’s family office, Premji Invest, and Manipal Group’s Ranjan Pai’s family office, Claypond Capital, is set to acquire a minority stake in Akasa Air, as reported by The Economic Times. The Jhunjhunwala family estate, which currently holds a 38% stake in Akasa Air through various trusts, is also planning on increasing its investment. …
PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into artificial intelligence companies while fine-tuning its proprietary AI investment tools, a senior executive at the firm said. The company, among the first large Indian asset managers to use AI tools in the private equity space, is now working on …
The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a frivolous and mischievous complaint filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm. Premji and …
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