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On Tuesday, December 3, 2024, Wipro's share price traded somewhat lower as the IT giant’s stock turned ex-date for its latest bonus issues. The company announced a bonus share ratio of 1:1, which means investors holding one share will receive one additional share as a bonus.
#Wipro Share Price Today Live | Wipro bonus shares #IT stock turns ex date today with history and key detailshttps://t.co/XB4QHA9JT8
— businessline (@businessline) December 3, 2024
Record Date and Eligibility
Wipro set December 3, 2024, as the record date to determine investor eligibility for the bonus shares. Shareholders who own Wipro shares by this date will qualify. “The Board of Directors has fixed December 3, 2024, as the record date for determining equity shareholders eligible for bonus equity shares,” the company confirmed in a filing on November 21.
This bonus issuance was announced alongside the company’s second-quarter FY25 financial results, reflecting its focus on rewarding investors and promoting equity market participation.
📢 Wipro's 1:1 Share Bonus Issue!
— Evani Capital (@evanicapital) December 3, 2024
Wipro Ltd has officially announced December 3, 2024, as the record date for its 1:1 bonus issue. 📅
This means that shareholders will receive 1 bonus share for every 1 share held on this date. A great opportunity for investors! 💹
Stay tuned pic.twitter.com/c4ZdVQDl2k
Wipro’s Bonus Share History
This marks Wipro's fourth bonus issue in the past 15 years, highlighting the company’s consistent shareholder-focused policies.
- 2019 Bonus Issue: Wipro issued a 1:3 bonus ratio, granting one bonus share for every three held.
- 2017 Bonus Issue: A 1:1 ratio was offered, where one additional share was granted for every share held. The record date was June 14, 2017.
- 2010 Bonus Issue: A 2:3 ratio was issued, granting two shares for every three held. The record date was June 16, 2010.
📈📉 #MarketToday | Shares of #Wipro Ltd will turn ex-date for bonus issue on Tuesday in the ratio of 1:1.
— Business Today (@business_today) December 3, 2024
➡️ Today would also be the record date for eligible shareholders, who would get Wipro's bonus shares.
More details here 👉 https://t.co/3LJSBvRafn pic.twitter.com/w0pL8VbqJT
Impact on Investors
The latest bonus issuance benefits long-term investors by increasing their shareholding at no additional cost. While the stock price adjusts for the bonus, it doesn’t impact the total investment value, making it an attractive move for shareholders.
Wipro’s history of bonus shares underscores its commitment to creating shareholder value while maintaining a stable growth trajectory. Investors remain optimistic about the company's long-term potential.
