/ ADR Bonus Issue Date Not Decided- Wipro ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 13 June 2017

On Monday the Wipro Ltd releases a statement that the payable date for its ADR (American Depository Receipts) its bonus shares were not issued, It is the 3rd largest software company of India which came after Its U.S listed shares down at 49% to $5.35. The shares of the trading are currently down at 1.5% at $10.29. Wipro said that for the market the payable date and ex dividend for the ADR bonus issue which should be determined.

In May Wipro said to the investors the board has fixed on June 14 as the record date, and entitled shareholders to receive bonus share equity. In April the bonus share are in the ratio of 1:1 and it will consider a proposal for the buyback of shares in July.

Over the past 4 sessions the Wipro U.S listed shares have been down by 6%, but the company denied the news report last week. U.S President Donald Trump it review for the U.S viva which will bring highly skilled workers of foreign into the country and it will affect the hiring plans of the technology firms and for the outsourcing companies.

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