Wipro Limited’s Board of Directors has announced a 1:1 bonus share issue, subject to shareholder approval via postal ballot. The bonus share issue will reward shareholders with one fully paid-up equity share of ₹2 each for every share held.
This move will double Wipro’s paid-up equity share capital from the current ₹1,046.30 crore to ₹2,092.59 crore, marking a significant boost in the company’s equity base. The record date for eligible shareholders will be communicated later, with the bonus shares expected to be credited or dispatched within two months, by December 15, 2024.
Details of the Bonus Issue:
- Bonus ratio: 1:1 (one equity share for every one fully paid-up share held)
- Current paid-up equity share capital: ₹1,046.30 crore
- Post-bonus paid-up equity share capital: ₹2,092.59 crore
- Expected credit/distribution date: by December 15, 2024
