IT major Wipro has announced allotment of 18,819 shares, worth about Rs one 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.
"Administrative Committee of 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.
Wipro employees to get shares worth over Rs 1 crore - The Times of India
The shares are being issued to the employees under the restricted stock unit plans of 2005 and 2007, the company said.
"Administrative Committee of 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.
Wipro employees to get shares worth over Rs 1 crore - The Times of India
