Wipro allots 195688 Equity Shares

The Administrative Committee of the Board of Directors of Wipro Ltd vide Circular resolution dated May 17, 2011 resolved to issue and allot 155461 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 Administrative Committee of the Board of Directors vide circular resolution dated April 28, 2011 allotted 40227 equity shares of par value of Rs. 2/- to JP Morgan Chase Bank, the Company's deposits underlying shares in respect of ADRs to be issued 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.442.70, down by Rs.2.75 or 0.62%. The stock hit an intraday high of Rs.448.50 and low of Rs.440.15.

The total traded quantity was 0.31 lakhs compared to 2 week average of 0.87 lakhs.

Source : Equity Bulls

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