Wipro allots 54942 Equity Shares

The administrative Committee of Wipro Ltd's Board of Directors vide Circular resolution dated April 14, 2011 resolved to issue and allot 54942 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 stock closed the day at Rs.449.60, down by Rs.23.85 or 5.04%. The stock hit an intraday high of Rs.472.80 and intraday low of Rs.447.10.

The total traded quantity was 3.44 lakhs as compared to 2 week average of 1.57 lakhs.

Source : Equity Bulls

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