Wipro Share Value, Wipro Bonus News: Shares of Wipro edged lower on Tuesday as the Bengaluru-headquartered IT stock traded on a classic bonus in trading. Wipro stock fell to Rs 290.3 apiece during the BSE and NSE session, marking an adjusted decline of 0.7 percent from its previous close.
At 11:30 am, Wipro shares were trading at Rs 290.4 and Rs 290.3 each on BSE and NSE, respectively. Wipro announced a 1:1 bonus—reads as ‘one to one’ in market parlance, meaning one bonus share for every share it owns.
Wipro Bonus Shares
In October, Wipro announced a bonus release and its financial results for the September quarter.
This is the first major IT bonus in more than five years.
What does Wipro’s latest bonus mean?
Those who held at least one equity share of Wipro till the record date (December 2) will be eligible for an equal amount of bonus shares.
The previous day of December 3 is the closing date when Wipro stock starts trading outside the value of the imminent bonus issue.
Simply put, the record date is the date on which the eligibility of investors is determined while the ex ante date is the date that shows the change in market price minus the bonus shares.
Is the value of your Wipro Holdings changing?
No, the upgrade only affects the total number of shares.
The total number of Wipro shares held by investors remains the same regardless of the price movement.
Former Wipro bonus
Wipro in January 2019 announced a 1:3 (one in three) bonus to its shareholders. In other words, that bonus meant one bonus share for every three equity shares held.
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