Mon Oct 14 03:50:00 UTC 2024: ## Wipro to Consider Bonus Share Issue at Upcoming Board Meeting
**Mumbai, October 13, 2024** – Wipro Ltd. has announced that its board of directors will consider a proposal for a bonus share issue at its upcoming meeting scheduled for October 16-17. The announcement comes as the IT firm prepares to report its second-quarter results.
In a filing with stock exchanges, the company stated that the board will evaluate the bonus share proposal in accordance with applicable regulations, including the Companies Act, 2013 and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Wipro shares closed 0.66 percent higher at Rs 528.45 on Friday. The company’s first-quarter net profit rose 4.6 percent from a year ago to Rs 3,003 crore, exceeding market expectations. However, its consolidated revenue for the April-June quarter declined 3.8 percent to Rs 21,964 crore.
The news of a potential bonus share issue comes amidst a flurry of activity in the Indian stock market. Meanwhile, the “Traders Gurukul” is hosting its “BOTS – India’s Largest Regional Retail Option Traders Summit” on the second or third Sunday of every month across major cities in India, aiming to bring together option traders and provide insights into the crypto market.
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