Wipro Gains Ahead of Bonus Issue Proposal Meeting on October 16-17

14 Oct 2024 , 05:18 PM

Wipro’s share price surged by 3.1% on October 14, reaching an intraday high of ₹545.35 per share.

The company’s board is set to discuss a bonus issue proposal during a meeting scheduled for October 16-17, 2024. On October 14, 2024 at the time of closing, fBonus shares are issued to existing shareholders without any additional cost, proportionate to the shares they currently hold.shares were ending 4.04% gain at ₹550.70 per share.

Bonus shares are issued to existing shareholders without any additional cost, proportionate to the shares they currently hold.

The issuance of bonus shares increases the total number of shares but does not affect the company’s overall market capitalization. Wipro’s board will review the proposal for issuing these bonus shares in its upcoming meeting, as per the company’s official filing.