Wipro allots shares worth Rs 1 cr to employees

April 22, 2015 11:54

IT major Wipro today announced the allotment of 18,819 shares, worth about Rs 1 crore at the current market price, to eligible employees.

The shares are being issued to the employees under the restricted stock unit plans of 2005 and 2007, the company said.

'The administrative committee of the board of directors has passed a resolution in their meeting held on April 20, 2015, to issue and allot 18,819 equity shares of Rs 2 each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2005 and Restricted Stock Unit Plan 2007,' the company said in a filing on the BSE.

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