Shared bonus: Wipro, the country’s leading IT company, will give free shares to its shareholders in the ratio of 1:1. The company shared important information about the registration date in an exchange filing on Thursday, November 21. Wipro said the company’s board of directors has set the record date for the bonus shares as Tuesday, December 3. This means that Wipro shares will trade without bonus on December 3. Investors who buy shares of the company on December 3 will not be able to benefit from the free shares. Investors have until December 2 to make use of the extra shares. The company will issue extra shares for each share purchased until Monday, December 2.
Wipro had announced bonus shares on October 17.
Wipro had announced the extra shares on October 17 along with the release of financial results for the second quarter of the financial year 2024-25. Wipro’s board of directors has recommended issuance of 1 additional share for each share with a face value of Rs 2, the company said in an exchange filing on October 17. The company had said the registration date for the extra shares will be announced later. After that, today the company also announced the record date for free shares.
Shares of IT companies closed lower on Thursday
We tell you that on Thursday Wipro shares closed at Rs 557.20 with a fall of Rs 4.45 (0.79%). The company’s shares opened lower today at Rs 560.05 and during trading touched an intraday low of Rs 555.30 and an intraday high of Rs 567.45. Despite the current stock market decline, the company’s stock is near its 52-week high. The company’s stock’s 52-week high is Rs 583.00 and 52-week low is Rs 393.20. According to BSE data, Wipro’s current market capitalization is Rs 2,91,513.36 crore.
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