Bangalore, Apr 16: India's third-largest software exporter, Wipro Ltd , announced on Friday a bonus share issue of two shares for every one held. News of the bonus issue comes after Infosys Technologies Ltd , the sector's No. 2 exporter, surprised markets on Tuesday with a generous bonus issue of three shares for every one held, fuelling speculation that its peers would follow suit.
Infosys' bonus news lifted its stock by nearly seven percent on Tuesday and fired a ten percent rally in Wipro's shares. Bureau Report