Post on 23-Jan-2022
B. Summary of transactions with related parties are as follows: Amount in Rs.
Nature of transaction
Associate entity Holding entity Subsidiary Key Managerial Personnel
2014-15 2013-14 2014-15 2013-14 2014-15 2013-14 2014-15 2013-14 Income from Investment advisory services Hasham Premji Private Limited (as a Trustee of PI Opportunities Fund – I and PI Opportunities Fund – II)
4,87,16,952 4,66,42,411 - - - - - -
Azim Hasham Premji - - - - - - 7,50,000 7,50,000 Pioneer Private Trust (Trustee Kotak Mahindra Trusteeship Services Ltd)
- 24,163 - - - - - -
Reimbursement of expenses Pioneer Private Trust (Trustee Kotak Mahindra Trusteeship Services Ltd)
37,500 9,97,694 - - - -
Azim Premji Trust - - 18,17,500 - - - - - Rent Azim Hasham Premji - - - - - - 1,20,000 1,20,000 Yasmeen Azim Premji - - - - - - 1,92,000 1,20,000 Unsecured loan received Azim Hasham Premji - - - - - - 30,57,70,282 41,47,41,570 Unsecured loan repaid Azim Hasham Premji - - - - - - 5,50,10,250 10,39,16,829 Amount receivable Hasham Premji Private Limited (as a Trustee of PI Opportunities Fund – I and PI Opportunities Fund – II)
2,30,05,527 3,82,68,728 - - - - - -
Azim Premji Trust - - 75,843 - - - - - Amount payable Azim Hasham Premji - - - - 1,95,26,53,615 1,70,26,61,283 Investment in Shares Napean Trading and Investment Co. Pvt Ltd - - - - - 10,00,000 - - Regal Investment and Trading Co. Pvt Ltd - - - - - 10,00,000 - - Vidya Investment and Trading Co. Pvt Ltd - - - - - 10,00,000 - - Carnation Auto India Private Limited 4,50,00,000 - - - - - - - Ryka Commercial Ventures Private Limited 175,36,17,145 - - - - - - - Napean Trading and Investment Company (Singapore) Pte Ltd
- - - - 221,98,27,482 - - -
Note:
1. The above information has been determined to the extent such parties have been identified on the basis of information obtained by the Company, which has been relied upon by the auditors.
2. No amount is/has been written off / written back during the year in respect of debts from/to a related party.
Annexure 1
Total Shares held by the 3 firms in WIPRO Ltd ( Nos) 1275482581
Market price as on 1.4.2014 per share Rs 565.2
Value of Wipro Ltd Shares Rs Crores 72090.28 (A)
Total Shares held by the 3 firms in WIPRO Enterprises Ltd ( Nos)
255096516
Value per share as per Valuation report for demerger Rs per share
367
Value of Wipro Enterprises Ltd Shares Rs Crores
9362.04 (B)
Total value of holdings of Firm Rupees in Crores
81452.32 (C)= (A)+(B)
Stake of 3 companies and Subsidiaries in Firms
35%
Value from Firms belonging to the 3 companies and Subsidiaries Rs Crores at 35% of value of firms
28508.31 35% of C
Cost of firm carried on Balance sheet of 3 companies Rs Crores
1021.46 (D)
Cost of firm carried on Balance sheet of 3 subsidiary companies Rs Crores
324.59 (E)
Total carried cost of Firms in the 3 companies and their subsidiaries Rs Crores
1346.05 (F)= (D)+(E)
Net Surplus value of firms to 3 companies and their subsidiaries over balance sheet Value Rs Crores
27162.26 (C)- (F)
Surplus from Market valuation of firms
1
Annexure 2
Value as at 31.3.2014 of the Gifts given by the 3 companies Rs crores
13602.18(A)
as per annexe A1
Value as at 31.3.2014 of the Gifts given by the 3 firms taken at 35% being the share of the 3 companies and their subsidiaries Rs crores
6605.32
(B)
as per annexe A2
Total Asset removal Rs Crores 20207.50 (C) =(A)+(B)
Value of Assets removed from 3 companies and their wholly owned subsidiaries by Gifts given in 2010-11 and 2012-13 to 5th Respondent Private Trust
1
A1
Shares of Wipro Ltd Gifted by
Napean Trading and Investment Compan P Ltd Nos 63584000
Regal Investment and Trading Company P Ltd Nos 84836000
Vidya Investment and Trading Company P Ltd Nos 64580000
Total 213000000
Market price of Wipro Ltd as at 31.3.2014 Rs per share 565.2
Shares of Wipro Enterprises that would have accrued to the 3 companies under scheme of demerger in respect of holding as above at 1 share for 5 shares held
42600000
Valued price of Wipro Enterprises Shares Rs 367
Value of Wipro Ltd Shares Rs Crores 12038.76 (A)
Value of Wipro Enterprises Shares Rs Crores 1563.42 (B)
Total Value of Shares as at 31.3.2014 that would have been additionally available if Gift was not resorted to in 2010-11
13602.18 (C)=(A)+(B)
Incremental Value of the 3 Companies at 31.3.2014 if the Shares held by the Companies were not gifted in 2010-11
1
A2
Shares of Wipro Ltd Gifted to 5th Respondent Private Trust in 2012-13 by
Hasham Traders Nos 98509000
Zash Traders Nos 98509000
Prazim Traders Nos 98509000
Total 295527000
Market price of Wipro Ltd as at 31.3.2014 Rs per share 565.20
Value of Wipro Ltd Shares Rs Crores 16703.19 (A)
Shares of Wipro Enterprises that accrued to the 3 companies under scheme of demerger in respect of holding as above in ratio of 1:5 ( Nos)
59105400
Valued price of Wipro Enterprises Shares Rs per share 367
Value of Wipro Enterprises Shares Rs Crores 2169.17 (B)
Total Value of Shares as at 31.3.2014 that would have been additionally available to firms if Gift was not resorted to in 2012-13 Rs crores
18872 (C)=(A)+(B)
Additional value that would be available to the companies if not gift had been made by the firms in 2012-13 being 35% share belonging to the 3 companies and their subsidiaries Rs Crores
6605 35% of C
Incremental Value of the 3 Companies at 31.3.2014 if the Shares held by the Firms were not gifted in 2012-13
1