Premji Invest news and archive

Premji Invest pumps in Rs 175 cr in Future Group

Premji Invest, the private investment entity of the Wipro Chairman Azim Premji has invested Rs 175 crores into a promoter company of the Future Group in a structured deal. The debt-ridden company has been trying to kick-back to life initiating several measures. The latest development comes as a breather for the Future Group that requires funds...

Apparel

Myntra explores funding options to raise Rs 300 cr

Online fashion platform Myntra is looking at raising Rs 300 crores and is exploring offers from two competing groups of investors. These are: Premji Invest led by Wipro Chairman Azim Premji's family along with L Capital Asia the private equity arm of global fashion retailer LVMH Group and Sofina, a Belgium-based investment firm. Experts say,...

Apparel

Premji Invest acquires 7% stake Fabindia

Fabindia has sold seven per cent stake in the company to Azim Premji’s Premji Invest for about Rs 125 crores to fund its proposed expansion plans. After selling 8 per sent stake to L Capital, the private equity arm of luxury conglomerate LVMH Group a month ago, this is the second move by the retailer to spread its network across the country....