Explain an announcement made by wipro recently...

U

Udhay

New Member
#1
#1
Wipro Ltd has announced that Administrative Committee of the Company's Board of Directors vide Circular resolution dated August 19, 2010 resolved to issue and allot 191802 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.

What does this mean? I own 3 shares of wipro? Has this announcement anything to do with that?
 
R

rvm123

Active Member
#2
#2
these are the stocks going to be alloted to the employees of wipro, at pre-determined rates. hence, u will not get any gain / loss out of it
 
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