Wipro allots 161992 Equity Shares

Wipro Ltd has announced that Administrative Committee of the Company's Board of Directors vide Circular resolution dated December 17, 2009 resolved to issue and allot 144378 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.

The Board also allotted 17614 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.

The stock closed the day at Rs.675, up by Rs.1.80 or 0.27%. The stock hit an intraday high of Rs.694.25 and low of Rs.670.

The total traded quantity was 438712 compared to 2 week average of 206488.

Source : Equity Bulls

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