Wipro Limited — Others, 21-11-2024: Shareholders meeting

Wipro has announced a board meeting regarding the results of a postal ballot, where shareholders approved the issue of bonus equity shares in a 1:1 ratio, translating to one bonus share for each existing share held. A total of approximately 4,564 crore shares were voted in favor, representing 98.20% of the valid votes. This move is expected to enhance liquidity and indicate strong shareholder support, potentially boosting investor sentiment. The decision aligns with Wipro’s strategy to reward shareholders and may signal positive growth prospects moving forward.