Wipro board announces 1:1 bonus share issue
Wipro announced on Thursday the issue of bonus shares to its eligible shareholders in the ratio of 1:1 along with its result for the second quarter ended September 2024.
“The Board of Directors («Board») of Wipro Limited («Company»), have at their meeting held over October 16-17, 2024, considered and approved the following: Recommended to the shareholders for their approval, through postal ballot, issue of bonus equity shares in the proportion of 1 :1, i.e., 1 (One) bonus equity share of~ 2/- each for every
1 (One) fully paid-up equity share held and a bonus issue [stock dividend on American Depositary Share (ADS)] of 1 (One) ADS for every 1 (One) ADS held, as on the record date, subject to approval of the Members of the Company. The record date for reckoning eligible shareholders (including ADS holders) entitled to receive bonus shares will be communicated later,” said the company in a filing to the exchanges.
Individuals who have the company shares in their demat accounts on the record date will be credited with an additional share of the company as a bonus.
The company has not yet announced the record date for the same.
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