A Special Treat in Store: When Will Wipro’s Bonus Payment Arrive and How Will it Boost Your Investment Portfolio?

Wipro, a leading IT consulting firm, has announced a bonus issue for its shareholders, which will lead to an increase in the company’s share capital. The bonus issue is expected to be credited in the dematerialized form, which means that the bonus shares will be credited to the Depository Participant’s (DP) account, and not the physical form. The bonus issue date is anticipated to be around January 21, 2023, and the record date is December 27, 2022. This means that shareholders who are on the company’s records as of the record date will be eligible to receive the bonus shares. The bonus issue will result in an increase in the company’s authorized share capital and a reduction in the net worth of the company. It is likely to impact the company’s debt-equity ratio and may also lead to an increase in the company’s earnings per share (EPS) and book value per share (BVPS). As a result, the bonus issue is expected to have a positive impact on the company’s future financial performance and its stock price.