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Wipro Ltd Announces Allotment of Equity Shares


Wednesday, 23 Jan 2013 05:44am EST 

Wipro Ltd announced that the Administrative Committee of the Company's Board of Directors at their meeting held over January 16, 2013, was resolved to issue and allot 66,714 equity shares of INR2 each pursuant to exercise of the stock options. The Company also announced that the Administrative Committee of the Company's Board of Directors at their meeting held over January 16, 2013, was resolved to issue and allot 21,868 equity shares of par value of INR2 to JP Morgan Chase Bank, the Company‚Äôs depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options.