Wipro, one of the leading software exporters, announced that administrative committee of the company's board of directors resolved to issue and allot 62,352 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 underperformed the market over the past one month till Mar. 06, 2014, rising 2.92% compared with the Sensex's 5.92% rise. It underperformed the market in past one quarter, declining 19.65% as against 2.46% rise in the Sensex.
Shares of the company declined Rs 19, or 3.25%, to settle at Rs 565.55. The total volume of shares traded was 194,577 at the BSE (Friday).