Azim Premji, Chairman of Wipro GE Healthcare, highlighted India's booming healthcare industry and expanding MedTech sector, noting the significant role of initiatives like 'Make in India' in promoting the country's manufacturing prowess. He emphasized the company's steadfast commitment to localizing operations, which spans over three decades.

The Wipro scrip is currently valued at Rs 472.9 per share, and at roughly this value, the transferred shares will amount to a whopping Rs 483 crore. Tech magnate Azim Premji's son Rishad Premji currently helms Wipro as its Executive Chairman, and is a prominent face of the IT industry.

Wipro's consolidated revenue from operations fell 4.4 per cent to Rs 22,205.1 crore during the December quarter, as against Rs 23,229 crore a year ago.