Wipro Ltd allots 16383 Equity Shares

The Administrative Committee of Wipro Ltd's Board of Directors vide Circular Resolution effective date April 10, 2015 resolved to issue and allot 15318 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 Company's Board of Directors vide Circular Resolution effective date April 10, 2015 resolved to issue and allot 1065 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.586.55 as compared to the previous close of Rs. 601.35. The total number of shares traded during the day was 89615 in over 7074 trades.

The stock hit an intraday high of Rs. 598 and intraday low of 585. The net turnover during the day was Rs. 52775926.

Source : Equity Bulls

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