Wipro Ltd has informed that Administrative Committee of the Companys Board of Directors vide their resolution dated October 21, 2008 has resolved the following:
1. To issue and allot 30772 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under the Wipro Employees Stock Option Plan 2000 and Restricted Stock Unit Plan 2004.
2. Allotted 40260 equity shares of par value of Rs 2/- to JP Morgan Chase Bank, the Companys 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 Companys ADS Restricted Stock Unit Plan- 2004.
1. To issue and allot 30772 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under the Wipro Employees Stock Option Plan 2000 and Restricted Stock Unit Plan 2004.
2. Allotted 40260 equity shares of par value of Rs 2/- to JP Morgan Chase Bank, the Companys 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 Companys ADS Restricted Stock Unit Plan- 2004.
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