Wipro allots 1.3 lakh shares to employees

Board of directors approved the allotment through circular resolution on June 21

PTI | June 23, 2011



IT firm Wipro on Wednesday said it has decided to allot over 1.30 lakh equity shares of Rs 2 each to the eligible employees under its restricted stock unit plan.

The administrative committee of the board of directors approved the allotment through its circular resolution of June 21, Wipro said in a filing with the Bombay Stock Exchange.

The equity shares were issued pursuant to exercise of the stock options by the eligible employees under the restricted stock unit plans of 2004 and 2005, it said.

Shares of the company closed at Rs 404.75, marginally up from the previous close on the BSE.

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