Wipro allots 77207 equity Shares

Wipro Ltd has announced that Administrative Committee of the Company's Board of Directors vide Circular resolution dated December 21, 2010 resolved to issue and allot 26224 equity shares of Rs. 2/- each pursuant to exercise of the stock options by eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.

The Board also allotted 50983 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 was trading at Rs.479.60, up by Rs.1.15 or 0.24%. The stock hit an intraday high of Rs.486 and low of Rs.477.50.

The total traded quantity was 0.73 lakhs compared to 2 week average of 2.28 lakhs.

Source : Equity Bulls

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