Wipro Allots 3.96 Lakh Equity Shares Under Employee Stock Plans on December 15

1 min read     Updated on 13 Nov 2025, 06:18 AM
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Reviewed by
Radhika SScanX News Team
Overview

Wipro Limited has allotted 3,95,874 equity shares under its employee stock option plans on December 15, 2025, with the majority (2,52,134 shares) issued under the ADS Restricted Stock Unit Plan 2004 and 1,43,740 shares under the Restricted Stock Unit Plan 2007. The company has informed both BSE and NSE about this allotment, demonstrating its commitment to regulatory compliance and employee incentivization strategies.

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*this image is generated using AI for illustrative purposes only.

Wipro Limited , a leading global information technology company, has announced the allotment of equity shares under its employee stock option plans on December 15, 2025. This move underscores the company's commitment to employee ownership and aligning staff interests with those of shareholders.

Share Allotment Details

The company has issued a total of 3,95,874 equity shares through two different employee stock plans:

Plan Name: Number of Shares Allotted
ADS Restricted Stock Unit Plan 2004 2,52,134
Restricted Stock Unit Plan 2007 1,43,740

These shares were allotted following the exercise of Employee Stock Options (ESOPs) by eligible employees on December 15, 2025.

Regulatory Compliance and Communication

In line with regulatory requirements, Wipro has duly informed both BSE Limited and the National Stock Exchange of India Limited about this allotment. The notification was signed by Mohammed Sanaulla Khan, Company Secretary, demonstrating the company's commitment to transparency and adherence to listing obligations.

Significance of ESOPs

Employee Stock Option Plans serve as a strategic tool for companies to:

  • Attract and retain talent in the competitive IT sector
  • Motivate employees by providing them with a stake in the company's success
  • Align employee interests with those of shareholders
  • Foster long-term employee engagement and loyalty

By offering these stock options, Wipro is enhancing employee engagement and fostering a sense of ownership among its workforce. This equity share allotment represents an ongoing commitment to employee incentivization and retention strategies, which investors and market analysts often view positively as it can contribute to long-term performance and stability in the highly competitive technology sector.

Historical Stock Returns for Wipro

1 Day5 Days1 Month6 Months1 Year5 Years
+0.87%+0.51%+2.19%-1.65%-9.75%+30.74%

Wipro Completes Divestment of Drivestream India Stake for ₹18.03 Crore

1 min read     Updated on 03 Nov 2025, 08:56 PM
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Reviewed by
Radhika SScanX News Team
Overview

Wipro Limited has successfully completed the divestment of its entire stake in Drivestream India Private Limited to Drivestream Inc for ₹18.03 crore. The transaction, initially announced on November 3, 2025, was executed on December 23, 2025, with completion confirmation received on January 6, 2026. The sale involved 350,776 equity shares and represents part of Wipro's portfolio optimization strategy with minimal financial impact on overall operations.

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*this image is generated using AI for illustrative purposes only.

Wipro Limited , a leading global information technology company, has successfully completed the sale of its entire stake in Drivestream India Private Limited to Drivestream Inc. The strategic divestment, valued at ₹18.03 crore, was executed on December 23, 2025, with confirmation of completion received on January 6, 2026.

Transaction Completion

The company informed stock exchanges through a regulatory disclosure that the transfer, which was initially announced on November 3, 2025, has been successfully executed. The completion confirmation was received on January 6, 2026, marking the end of this strategic restructuring initiative.

Transaction Details: Information
Execution Date: December 23, 2025
Confirmation Date: January 6, 2026
Transaction Value: ₹18.03 crore
Buyer: Drivestream Inc. (Virginia, US)

Stake Transfer Details

The completed sale involved the transfer of Wipro's entire holding in Drivestream India, comprising 100 equity shares and 267,500 optionally convertible preference shares. After conversion, the total number of equity shares transferred reached 350,776.

Financial Impact Assessment

The divestment's financial implications on Wipro's overall operations remain minimal, as disclosed in the original agreement:

Financial Metric: Amount Percentage of Wipro's Total
Revenue: ₹58.80 crore NIL
Net Worth: ₹40.62 crore NIL

Regulatory Compliance

Wipro has maintained full regulatory compliance throughout the transaction process, providing necessary disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified BSE Limited, National Stock Exchange of India Limited, and NYSE about the completion.

This completed divestment represents part of Wipro's ongoing portfolio optimization strategy, allowing the company to streamline operations while maintaining focus on core business areas. The transaction was conducted as a related party transaction at arm's length with Drivestream Inc., an associate of Wipro's wholly-owned subsidiary.

Historical Stock Returns for Wipro

1 Day5 Days1 Month6 Months1 Year5 Years
+0.87%+0.51%+2.19%-1.65%-9.75%+30.74%
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