Wipro Shares Slump on New York Stock Exchange, Company Clarifies On Bonus Issue

New York/New Delhi: Wipro on Monday said the date for issuing bonus or stock dividend to the holders of its American Depository Receipts is yet to be finalised, amid the ADRs witnessing steep fluctuations in pre-market trading on the New York Stock Exchange. ADRs are instruments denominated in US dollars and the underlying shares are that of a foreign company. According to reports, the exchange has suspended trading in Wipro ADRs. ...