Wipro Limited (BSE: 507685, NSE: WIPRO, NYSE: WIT) has announced that its Board of Directors will meet on October 16-17, 2024, to consider a proposal for the issuance of bonus shares. This proposal is in accordance with the provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The outcome of the board meeting will be communicated to the stock exchanges upon conclusion on October 17, 2024. This update was shared by M Sanaulla Khan, Company Secretary of Wipro, in compliance with Regulation 29 (1)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Investors will closely watch the developments from the board meeting, as the decision could potentially boost Wipro’s market sentiment.
