Wipro will be announcing its Q2 FY25 results on October 17. Along with the results, the Bengaluru-based IT firm's board will also deliberate on issuing bonus shares to eligible shareholders. If declared,

Wipro remains the Nifty or Non-Nifty constituent that has issued the most number of bonus shares to its shareholders in its history as a public company.

The company’s board is set to discuss a bonus issue proposal during a meeting scheduled for October 16-17, 2024.

IT firm Wipro on Sunday said its board of directors will consider the issue of bonus shares at a meeting scheduled to be held on October 16-17, 2024. Wipro is set to announce its Q2 FY25 results on October 17, 2024.

If approved, this will mark Wipro's fourth bonus issue ever, after similar corporate actions were taken in 2019,2017 and 2010.

The IT firm announced bonus shares last time in 2019, when it had issued one bonus share for every three shares held by shareholders.

Wipro shares gained substantially as the company announced that it may mull bonus share issuance in its upcoming board meet.

Wipro shares increased by 3% on BSE following the announcement that its board will consider issuing bonus shares in October 2024. This move aims to make stock more affordable for investors. All shareholders owning shares before the record date will be eligible.

Wipro Ltd's board of directors is set to deliberate on a potential bonus issue of shares during its upcoming board meeting on October 17, according to a company filing on October 13. The IT giant will also announce its second-quarter financial results during this meeting,

In an exchange filing, the company stated that its board would discuss the proposal for issuing bonus shares in accordance with the applicable provisions of the Companies Act, 2013, during a meeting scheduled for October 16-17.