Wipro Announces 1:1 Bonus Share Issue, Awaiting Shareholder Approval
Portfolio Pulse from Benzinga Newsdesk
Wipro's Board of Directors has recommended a 1:1 bonus share issue, pending shareholder approval. This means shareholders will receive one additional share for every share they currently hold.
October 17, 2024 | 11:48 am
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Wipro has announced a 1:1 bonus share issue, meaning shareholders will receive one additional share for every share they hold, pending shareholder approval.
The announcement of a 1:1 bonus share issue is generally perceived positively by the market as it increases the number of shares held by investors without diluting their value. This can lead to a short-term increase in stock price as it may attract more investors.
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