Don’t miss the latest developments in business and finance.

Wipro allots equity shares

Image
Capital Market
Last Updated : Oct 30 2015 | 5:30 PM IST

Under Restricted Stock Unit Plan

Wipro announced that:

1. Administrative Committee of the Company's Board of Directors vide Circular Resolution effective 29 October 2015 resolved to allot 51969 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2005 and Restricted Stock Unit Plan 2007.

2. Administrative Committee of the Company's Board of Directors vide Circular Resolution effective date 29 October 2015 resolved to issue and allot 97130 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.

Powered by Capital Market - Live News

More From This Section

First Published: Oct 30 2015 | 4:40 PM IST

Next Story