Wipro Ltd recommends 1:1 bonus issue

The Board of Directors ("Board") of Wipro Limited ("Company"), have at their meeting held over October 16-17, 2024, considered and approved the recommendation to the shareholders for their approval, through postal ballot, issue of bonus equity shares in the proportion of 1:1, i.e., 1 (One) bonus equity share of ₹ 2/- each for every 1 (One) fully paid-up equity share held and a bonus issue [stock dividend on American Depositary Share (ADS)] of 1 (One) ADS for every 1 (One) ADS held, as on the record date, subject to approval of the Members of the Company. The record date for reckoning eligible shareholders (including ADS holders) entitled to receive bonus shares will be communicated later.

Shares of Wipro Limited was last trading in BSE at Rs. 528.80 as compared to the previous close of Rs. 532.25. The total number of shares traded during the day was 806572 in over 13365 trades.

The stock hit an intraday high of Rs. 537.90 and intraday low of 524.95. The net turnover during the day was Rs. 429874897.00.

Source : Equity Bulls

Keywords

Wipro INE075A01022 WIT BonusIssue 1For1