Wipro Limited has announced a 1:1 bonus issue, offering 1 equity share of ₹2 face value for every 1 fully paid-up equity share held, as well as 1 American Depository Share (ADS) for every 1 ADS held. The company’s board has fixed December 3, 2024, as the record date to determine eligible shareholders.
To qualify for the bonus, investors must buy Wipro shares by December 2, 2024, as the stock will trade ex-bonus from December 3, 2024.
Key Details:
- Bonus Ratio: 1:1 (1 bonus share for every 1 share held)
- Record Date: December 3, 2024
- Ex-Date: December 3, 2024
- Last Date to Buy: December 2, 2024
Bonus Share Credit Timeline:
Wipro has announced that the bonus shares will be credited or dispatched to eligible shareholders by December 15, 2024, ensuring compliance with the two-month timeline from board approval.
Wipro Bonus History:
Wipro has a strong history of rewarding shareholders with bonus shares:
- First issued in 1971
- Most recent bonus issue in 2019 (3:1 ratio)
- Past bonuses include multiple issuances between 1981 and 1996, and again in 1997, 2004, 2005, 2010, 2017, and 2019.
Market Performance:
As of 10:06 AM, Wipro shares were trading 0.81% higher at ₹576.85 on NSE, reflecting positive sentiment following the bonus announcement.
