Wipro, the country's third largest IT firm, has informed that they will consider issuing bonus issues in the board meeting on 17 and 18 January 2019. Along with this potential corporate announcement, Wipro will also announce financial results for the third quarter (October-December) of the fiscal year 2018-2019. Also, if the decision is taken on behalf of the company's board of directors, then the company can also announce the interim dividend.
The effect of this announcement of the company is being seen on the shares of the company. Shares of Wipro Ltd were trading at Rs 329 per share with an increase of 5.12 percent.
Wipro said in its regulatory filing, "The meeting of the Board of Directors, which will be held on 17th and 18th January 2019, in which the audited standalone and consolidated results of the quarter ending December 31, 2018, will be considered, as well as the financial year 2018-19 Interim dividend can also be issued for. "
Wipro further said, "Board of Directors will also consider the proposal for issuing bonus shares. The Board of Directors will be informed about the decisions of this meeting on the stock exchange on the evening of January 18, 2019."