Since the record date and ex-date are usually the same, today is the last day to buy the company’s shares for a shareholder to be eligible for the bonus share issue.
“Recommended to the shareholders for their approval, through postal ballot, issue of bonus equity shares in the proportion of 1:1, i.e., one bonus equity share of Rs 2/- each for every one fully paid-up equity share held and a bonus issue,” the company had said in its filing in October.
Wipro has previously issued 6 bonuses since June 25 this year, according to data available on Trendlyne.
“The Board of Directors has fixed Tuesday, December 3, 2024 as the Record Date for the purpose of determining the equity shareholders of the company eligible for bonus equity shares (including Stock Dividend on ADS) of the company,” Wipro’s filing stated on November 21.A 1:1 bonus issue means that a company will issue one additional share for every share that an investor already owns. However, the total value of your investment remains the same, as the stock price is typically adjusted proportionally to account for the increased number of shares in circulation. The shares of Wipro have added gains of about 40% in the last one year.Also read | Wipro, M&M among top 10 stocks for December long portfolio: Nuvama(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
