Wipro Ltd has informed BSE that the Company has granted 50,000 ADS Restricted Stock Units with effect from June 01, 2008 to an identified employee of Wipro Ltd under the ADS Restricted Stock Unit Plan 2004.

The grant of above stock options is in line with SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as amended and as per the terms of the Stock Option Plans.

These stock options shall vest as per the vesting schedule approved by the Board Governance & Compensation Committee of the Board and can be exercised over the exercise period as per the Stock Option Plans.