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Wipro Bonus Shares Record Date Today December 3, 2024

Updated on: Dec 3, 2024, 3:07 PM IST
The shareholders holding Wipro shares by the close of trading on December 2, 2024, are eligible for Wipro’s 1:1 bonus issue.
Wipro Bonus Shares Record Date Today December 3, 2024
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Wipro Limited, a leading player in the Indian IT sector, is set to issue bonus shares for the 14th time in its history. The record date for the bonus issue is December 3, 2024, allowing shareholders to receive 1 additional share for every 1 share they hold. This marks the company’s first bonus issue in 5 years, indicating its continued commitment to rewarding investors.

Wipro’s Bonus Share Announcement

  • Bonus Issue Details: Wipro has announced a 1:1 bonus share issue, meaning shareholders will receive 1 bonus equity share of ₹2 each for every fully paid-up equity share they hold as of the record date.
  • Bonus Ratio: 1:1
  • Record Date: December 3, 2024
  • Eligibility: Shareholders holding Wipro shares by the close of trading on December 2, 2024

Recent Business Developments

  • Marelli Partnership: In November 2024, Wipro extended its partnership with Marelli, a global leader in automotive solutions, for another 4 years. Wipro FullStride Cloud will migrate Marelli’s Milan Data Centre and all local server rooms to the Cloud, centralizing operations to enhance agility and stability.
  • Open-Source Security Initiative: Wipro also announced a collaboration aimed at securing open-source components within enterprise software applications. Wipro Ventures, the company’s investment arm, invested in Lineaje, a US-based software supply chain security firm. Through this collaboration, Wipro will leverage Lineaje’s Open-Source Manager and SBOM360 Hub to help businesses continuously identify and mitigate critical vulnerabilities in the open-source software they use.

Q2 FY25 Financial Performance

  • Wipro reported gross revenue of ₹223.0 billion for Q2 FY25, a 1.5% increase QoQ, though down 1.0% YoY. The IT services segment generated revenue of $2,660.1 million, showing a 1.3% increase in QoQ but a 2.0% decline YoY.
  • For Q3 FY25, the company expects IT services segment revenue to range from $2,607 million to $2,660 million.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 3, 2024, 8:28 AM IST

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