INSUBCONTINENT EXCLUSIVE:
The Bengaluru-headquartered firm posted a 4.6 per cent year-on-year increase in its consolidated net profit in the June-ended quarter at Rs
Its revenue declined 3.8 per cent to Rs 21,963.8 crore
(Photo: Shutterstock)2 min read Last Updated : Oct 13 2024 | 11:07 PM IST
IT firm Wipro on Sunday said its board of directors will
consider the issue of bonus shares at a meeting scheduled to be held on October 16-17, 2024.
Wipro is set to announce its Q2 FY25 results
on October 17, 2024.Click here to connect with us on WhatsApp
"The board of directors of the company will be considering a proposal for
the issue of bonus shares, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations
framed thereunder), the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, at its
year-on-year increase in its consolidated net profit in the June-ended quarter at Rs 3,003.2 crore
Its revenue declined 3.8 per cent to Rs 21,963.8 crore.
Wipro CEO and MD Srini Pallia had said that the firm is "confident" in its ability
to execute better on bookings and profitable growth in Q2, while it continues to build on ai360 strategy and prepare its workforce for an
AI-first future.
Shares of Wipro settled at Rs 528.95 on Friday on the BSE, 0.77 per cent higher than the previous close.First Published:
