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Wipro resolves share issue and allotment pursuant to exercise of the stock options
Date: 11-10-2012Wipro has informed that the administrative committee of the board of directors vide circular resolution dated October 09, 2012 resolved to issue and allot 63114 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 Stuck Unit Plan 2007.
Further, the company has allotted 12488 equity shares of par value of Rs. 2 to JP Morgan Chase Bank, the Company’s depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Company’s ADS Restricted Stock Unit Plan - 2004.
The above information is a part of company's filings submitted to BSE.