Wipro Ltd’s board of directors is to consider a bonus issue of shares in the upcoming board meeting, which is expected to be conducted on October 17, according to the company’s BSE filing on Sunday, October 13.
“The Board of Directors of the Company will be considering a proposal for issue of bonus shares, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, at its meeting scheduled to be held over October 16-17, 2024,” said the company in the exchange filing on Sunday.
Wipro Ltd’s shares closed 0.77 per cent higher at ₹528.95 after Friday’s trading session, compared to ₹524.90 at the previous market close.