Wipro Limited has informed the Exchange regarding Allotment of 3,91,452 equity shares under ADS Restricted Stock Unit Plan 2004 and 4,16,696 equity shares under the Restricted Stock Unit Plan 2007 on May 29, 2025, pursuant to exercise of ESOPs.
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Wipro has allotted 3,91,452 equity shares under its ADS Restricted Stock Unit Plan 2004 and 4,16,696 equity shares under the Restricted Stock Unit Plan 2007 on May 29, 2025. These shares were issued following the exercise of stock options by eligible employees. The total issuance is around 8,08,148 equity shares. This is a routine corporate action tied to Wipro's employee stock incentive programme. Such allotments result in a small incremental expansion of the company's share count.
This is a routine ESOP allotment with negligible dilution; it is unlikely to materially affect the stock price or shareholder value, as it merely formalises previously granted employee incentives.