Bengaluru: IT czar Azim Premji has given away almost half of his stakeholding in Wipro, India's third largest exporter of software services, to philanthrophy.

The Wipro's billionaire founder has given away an additional 18 per cent of his stake in the IT company for charity, thus earmarking 39 per cent of stake (worth Rs 53,284 crore) for a charitable trust. The latest philanthrophic initiative by Premji would pump in an additional Rs 530 crore by way of dividends into the Azim Premji Trust's corpus this year.