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Wipro says date for ADR bonus issue not decided

Software exporter Wipor Ltd said on Monday the payable date for its American Depository Receipts (ADR) bonus issue is yet to be determined. The clarification from India's third-largest software services company came after its U.S.-listed shares slumped nearly 49 percent to $5.35 in premarket trading. The trading of the shares, which was halted for a while, are currently down 1.5 percent at $10.29. "The company felt that it was important to clarify to the market that the payable date and ex-dividend date for its ADR bonus issue, or stock dividend, are yet to be determined," Wipro said. Wipro, in May, told its investors that the board has fixed June 14 as the record date to determine eligible shareholders entitled to receive bonus share equity for its Indian-listed shares. Now watch every updates regarding Share and Stock market just with a simple click here: - http://www.ripplesadvisory.com/nifty-future-.php

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