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Post 19 years, Wipro shares are held high

Bombay Stock Exchange said the board of directors has decided to conduct a meeting on March 7.

The initiation of a large-cap stock was high at 379.70 level.

During the day’s trade, the price was as high as ₹386.70 and as low as ₹379.25.

Wipro while filing for Bombay Stock Exchange said the board of directors has decided to conduct a meeting on March 7 to regulate the eligibility or Shareholders to obtain the bonus equity share.

The initiation of a large-cap stock was high at 379.70 level, but by afternoon it jumped to 4.48 percent and touched ₹390 after 19 years.

Each stock ended up at ₹386.50. During the day’s trade, the price was as high as ₹386.70 and as low as ₹379.25.

On February 22, a resolution will be accepted by the members as it is the last date for e-voting.

On January the company approved the equity shares in 1:3 ratio that is 1 ADS for every 3 ADS.

After the approval, the company’s wealth increased from ₹1,126.50 crore to ₹2526.0 crore by forming an additional 700 core equity of ₹2 each.

At the end of December, the company has had ₹46, 847.9 crores in free reserve Security account.

The company board has accepted the combination of Wipro technologies Austria GmbH, New Logic Technologies SARL and Appirio India Cloud Solutions with Wipro.