Wipro Limited has informed the Exchange regarding 'Grant of Restricted Stock Units'.
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Wipro has granted approximately 1.74 crore Restricted Stock Units (RSUs) to its employees and those of its subsidiary companies under the company's ESOP/PSU/RSU Scheme 2024. This includes 1.09 crore ADS-linked RSUs and 65.68 lakh regular RSUs. The grants are effective from May 3, 2025 and will vest as per the schedule approved by the Nomination and Remuneration Committee. Such grants are part of Wipro's routine employee compensation and retention program. The vesting and exercise will happen over a period as decided by the Board committee.
This is a routine employee stock grant and is largely neutral for existing shareholders, though successful vesting in the future will lead to some equity dilution. No immediate impact on stock price is expected from this disclosure.