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Wipro today issued 1,31,578 equity shares of Rs 2 each to employees eligible under the Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.
This is the second time this month the company has issued Restricted Stock Units to its employees. The company did not give out details of its vesting period and exercised price. On May 3, the company issued 1,16,940 equity shares at a face value of Rs 2 for every share.
Last year, during Diwali, rival Infosys issued 28.33 lakh shares worth Rs 656 crore to its employees under its Restricted Stock Units Plan 2011. According to the plan, promoters or part of the promoter group or any director who directly or through relatives or body corporates held more than 10 per cent of Infosys shares would not be eligible to receive shares. Infosys said at that time it was hoping the plan would increase participation by shareholders in the growth of the company.
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