Wipro Allots 41,667 Restricted Stock Units To Employees As ESOP

Wipro Limited said in an exchange filing on Wednesday that it had given 41,667 Restricted Stock Units (RSUs) to its identified workers under the Company's ADS Restricted Stock Unit Plan 2004. This grant was valid until 5th September 2023.

These will vest in accordance with the vesting schedule approved by the board's nomination and remuneration committee and can be exercised during the exercise period permitted by the committee, according to the filing.

Wipro's stock was selling at Rs 429 per share on 6th September 2023, representing a 0.66 per cent decline. While the corporation has assured that there will be a pay increase, the official announcement has been delayed until the third quarter, that is, October to December, rather than September as in the previous fiscal year.