Wipro rewards employees with 1,32,512 shares as stock option

Wipro rewards employees with 1,32,512 shares as stock option

35,480 were allotted under the Restricted Stock Unit under Restricted Stock Unit Plan 2007 and 97,032 Restricted Stock units under ADS Restricted Stock Unit Plan 2004.

FPJ Web DeskUpdated: Friday, March 24, 2023, 05:50 PM IST
article-image
Wipro rewards employees with 1,32,512 shares as stock option | Image: Wipro (Representative)

Wipro Limited on Friday allotted 1,32,512 shares to employees as stock option, the company announced through an exchange filing. 35,480 were allotted under the Restricted Stock Unit under Restricted Stock Unit Plan 2007 and 97,032 Restricted Stock units under ADS Restricted Stock Unit Plan 2004.

These shares were approved by the Nomination and Remuneration Committee of the Board and will be exercised over the exercise period as approved by the Committee.

Wipro on March 21 announced allotment of 1,39,579 equity shares to employees as stock option.

Wipro shares

The shares of Wipro on Friday closed at Rs 361.25, down by 0.069 per cent.

RECENT STORIES

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...