This Nifty stock with most number of bonus issues may reward investors again
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IT services company Wipro will consider issuing bonus shares to investors when its board will meet to approve second quarter results. If declared, this will be the 14th time the Bengaluru-based company will be handing out bonus shares to investors, which is the highest for any Nifty company. Wipro first issued bonus shares to investors in 1971 and its last bonus announcement was in 2019, where it handed out 3 additional shares for every 1 share held in the company. The company has rewarded investors with a bonus issue 6 times between 1981 and 1996 and later in 1997, 2004, 2005, 2010, 2017 and 2019. In the last 10 years, Wipro gave out bonus shares 5 times. In comparison, Infosys had issued bonus shares 8 times in its history as a listed company. TCS, on the other hand, issued bonus shares only on 3 occasions. A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to dec...