Wipro allots 41747 equity shares

The administrative Committee of Wipro Ltd's Board of Directors vide Circular resolution dated March 25, 2011 have resolved to issue and allot 26304 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 15443 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.455.85, up by Rs.16.20 or 3.68%. The stock hit an intraday high of Rs.459 and low of Rs.443.

The total traded quantity was 3.23 lakhs compared to 2 week average of 0.79 lakhs.

Source : Equity Bulls

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