deal all,
can we allot the shares through circular and if yes then how?
regards,
pramod
1 Replies
Aditya Soni
(CS Final Student Trainee)
(727 Points)
Replied 10 May 2012
Wipro - Allotment of Equity Shares
Wipro Ltd has informed BSE that:
1. Administrative Committee of the Company's Board of Directors vide Circular resolution dated April 30, 2012 resolved to issue and allot 116940 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.
2. Administrative Committee of the Company''s Board of Directors vide circular resolution dated April 30, 2012 allotted 38082 equity shares of par value of Rs. 2/- to JP Morgan Chase Bank, the Company’s depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Company’s ADS Restricted Stock Unit Plan- 2004.
Hope the above example has solved your query.
Regards,
Aditya
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