Wipro allots 59199 equity shares

The Administrative Committee of Wipro Ltd's Board of Directors vide circular resolution dated July 05, 2011 allotted 59199 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.

The stock closed the day at Rs.430.70, up by Rs.7.40 or 1.75%. The stock hit an intraday high of Rs.431.90 and low of Rs.420.

The total traded quantity was 0.72 lakhs compared to 2 week average of 0.67 lakhs.

Source : Equity Bulls

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