Wipro Limited has informed the Exchange regarding Allotment of 38,24,940 equity shares under ADS Restricted Stock Unit Plan 2004, 1,59,198 equity shares under the Restricted Stock Unit Plan 2007 and 14,65,258 under Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024 on May 5, 2026, pursuant to exercise of ESOPs.
WIPRO · price
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Wipro has allotted a total of 5,449,396 equity shares to employees who exercised their stock options on May 5, 2026. The allotment includes 3,824,940 shares under the ADS Restricted Stock Unit Plan 2004, 159,198 shares under the Restricted Stock Unit Plan 2007, and 14,65,258 shares under the Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024. This is a routine corporate action as part of the company's employee compensation programmes.
This issuance increases the company's equity base, resulting in dilution for existing shareholders. The impact on the stock price is typically neutral to mildly negative due to dilution, though the move can be seen positively as it aligns employee interests with shareholders.