The committee of Wipro has resolved to issue and allot 103269 equity shares of Rs. 2 each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.
The committee has also allotted 66465 equity shares of par value of Rs. 2 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 the exercise of the stock options granted to the employees under the Company's ADS Restricted Stock Unit Plan- 2004.
This was resolved at the committee meeting held on 02 November 2009.