“The board of directors of the company will be considering a proposal for the issue of bonus shares, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, at its meeting scheduled to be held over October 16-17, 2024,” a regulatory filing said.
The Bengaluru-headquartered firm posted a 4.6% year-on-year increase in its consolidated net profit in the June-ended quarter at Rs 3,003.2 crore. Its revenue declined 3.8% to Rs 21,963.8 crore.
Wipro CEO and MD Srini Pallia had said that the firm is “confident” in its ability to execute better on bookings and profitable growth in Q2, while it continues to build on ai360 strategy and prepare its workforce for an AI-first future.
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Shares of Wipro settled at Rs 528.95 on Friday on the BSE, 0.77% higher than the previous close.
