Wipro plans to allot 1,06,085 equity shares of Rs 2 each to eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.
In a filing with the BSE, the company said that the administrative committee of the company’s board has also allotted 2,833 equity shares of par value Rs 2 each 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 exercise of the stock options granted to the employees under the company’s ADS Restricted Stock Unit Plan 2004.