Wipro Ltd allots 42947 Equity Shares

The Administrative Committee of the Board of Directors of Wipro Ltd vide Circular Resolution effective date December 10, 2014, resolved to issue and allot 42947 equity shares of Rs.2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2005 and Restricted Stock Unit Plan 2007.

The Administrative Committee of the Board of Directors vide Circular Resolution effective date December 10, 2014 resolved to issue and allot 19434 equity shares of par value of Rs.2/- to JP Morgan Chase Bank, the Company's depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Company's ADS Restricted Stock Unit Plan- 2004.

Shares of WIPRO LTD. was last trading in BSE at Rs.546.45 as compared to the previous close of Rs. 552.1. The total number of shares traded during the day was 166200 in over 4550 trades.

The stock hit an intraday high of Rs. 553.5 and intraday low of 544. The net turnover during the day was Rs. 91487451.

Source : Equity Bulls

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