Wipro, one of the leading software exporters, announced that the company's board of directors vide circular resolution resolved to allot 18670 equity shares of Rs 2 each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2005 and Restricted Stock Unit Plan 2007.

The company's also resolved to issue and allot 2018 equity shares of par value of Rs 2 to JP Morgan Chase Bank, the company's depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Company’s ADS Restricted Stock Unit Plan-2004.

Shares of the company declined Rs 6.65, or 1.18%, to trade at Rs 556.45. The total volume of shares traded was 30,482 at the BSE (10.32 a.m., Monday).