India, Jan. 18 -- Wipro board on Friday approved an issue of bonus shares wherein shareholders will get one bonus share for every three shares held by them.
"Issue of bonus equity shares in the proportion of 1:3, that is one bonus equity share of Rs 2 each for every three fully paid-up equity shares held and a bonus issue...of one ADS for every three ADS held, as on the record date, subject to approval of the Members of the company," Wipro said in a regulatory filing.
The record date for reckoning eligible shareholders (including ADS holders) entitled to receive bonus shares will be communicated later, it added.
Wipro had announced a bonus issue of 1:1 in April 2017.
The filing said Wipro has an aggregate amount of Rs 46,847.9 crore as ...