Wipro, one of the leading software exporters, said that the administrative committee of the board of directors resolved to issue and allot 32,495 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 stock had outperformed the market over the past one month till Jan. 27, 2014, rising 2.92% compared with the Sensex's 2.29% decline.

It underperformed the market in past one quarter, declining 19.65% as against 0.12% rise in the Sensex. 

Shares of the company declined Rs 4.8, or 0.84%, to trade at Rs 566. (Tuesday).