Chairman of Wipro, Azim Premji`s, private equity fund PermjiInvest has acquired 2% stake in Koutons Retail for about Rs 200 million, reports Business Standard.
Through his private equity fund PremjiInvest, Premji acquired about 300,000 shares of Koutons from the secondary market.
This is the second investment by Wipro Cheif in a textiles related company. Earlier he had acquired more than 3% stake in Bangalore-based Himatsingka. (My Iris)