Wipro Ltd allots 173817 Equity Shares

The Administrative Committee of Wipro Ltd's Board of Directors vide Circular Resolution effective July 13, 2015 resolved to allot 101717 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 July 13, 2015 resolved to issue and allot 72100 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.560 as compared to the previous close of Rs. 548.6. The total number of shares traded during the day was 51581 in over 1595 trades.

The stock hit an intraday high of Rs. 562 and intraday low of 550. The net turnover during the day was Rs. 28687584.

Source : Equity Bulls

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