Wipro allots 177771 equity shares

The Administrative Committee of Wipro Ltd's Board of Directors vide Circular resolution dated July 21, 2011 resolved to issue and 149688 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employee under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.

The Administrative Committee of the Company's Board of Directors vide circular resolution dated June 21, 2011 allotted 28083 equity shares of par value of Rs. 2/- 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 was trading at Rs.404.15, up by Rs.3.25 or 0.81%. The stock hit an intraday high of Rs.406.85 and low of Rs.401.10.

The total traded quantity was 1.23 lakhs compared to 2 week average of 1.39 lakhs.

Source : Equity Bulls

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