According to the stock exchange filing, the two trusts - Azim Premji Philanthropic Initiatives Pvt Ltd and Azim Premji Trust sold close to 31.4 million shares.
The bulk of the Rs. 1963 crores is expected to help Premji's broader philanthropic ambitions in the near future. Amongst Indian billionaires, the 70-year-old Premji has been arguably the most generous when it comes to philanthropic causes.
Premji is already part of the Giving Pledge, which was started in 2010 by billionaires Bill Gates and Warren Buffett and encourages the world's richest men to give away a significant part of their wealth to support philanthropy.
Last year, Premji even pledged to donate more than half of his holdings in Wipro to his trusts. He transferred 39% of his Wipro shareholding to the trusts. The promoter group, which primarily consists of Premji's family now holds a 73.25% stake in Wipro following the buyback.
According to the filing, public shareholders sold nearly Rs. 516 crore worth of shares to Wipro during the buyback.