Wipro share price: Wipro bonus shares: IT major’s stock trades ex-bonus today in a 1:1 ratio
Shares of Wipro, which have given returns of over 30% in the last 6 months alone, are in focus today as the stock began trading on ex-bonus basis from today, with shares trading 0.1% lower at Rs 291.95 on BSE.
The IT major had announced a bonus share issue in the ratio of 1:1, fixing December 3 as the record date for determining shareholder eligibility.
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 IT major has previously issued 6 bonuses since June 25 this year, according to data…
