Mon Dec 02 11:40:00 UTC 2024: **Wipro Announces 14th Bonus Share Issue, Sending Shares Soaring**
**Mumbai, December 2, 2024** – IT giant Wipro Ltd. announced its 14th bonus share issue, a 1:1 ratio, sending its share price up over 2.5%. This marks another significant milestone for the company, which has a history of rewarding long-term investors with bonus shares.
The record date for determining eligible shareholders is December 3rd, meaning those holding Wipro shares by the close of trading on December 2nd will receive an equal number of bonus shares. This latest bonus issue follows 13 previous ones since 1971, transforming an initial investment of 100 shares into over 682,667 shares today. With this 14th issue, that number will jump to over 1,365,333 shares.
Wipro’s consistent bonus share policy has significantly increased shareholder wealth over the decades. The company’s share price closed 1.1% higher on November 29th at ₹579 apiece, ahead of the announcement. Year-to-date, Wipro shares have delivered impressive 20% returns, slightly underperforming the benchmark NIFTY IT index which returned over 21% during the same period. However, on an annual basis, Wipro outperformed the index, delivering 42% returns versus 32%.
This bonus issue underscores Wipro’s continued success and its commitment to rewarding its investors. The company is one of India’s leading IT services providers, offering a range of IT transformation, consulting, and business process services globally.
First Piper 