Patni Computer Systems allots 16065 equity shares under Stock Option Plan

The Compensation & Remuneration Committee of Directors of Patni Computer Systems Ltd vide resolution dated March 19, 2012, has allotted 16,065 equity shares of par value of Rs. 2/- each to certain option holders, including 5,230 underlying equity shares of par value of Rs. 2/- each to the Bank of New York Mellon as a Depository In connection with the issuance of 2,615 American Depositary Shares (ADSs) to foreign based option holder pursuant to the exercise of ADR Linked options granted to them under the Company’s Stock Option Plan.

The Patni Computer Systems Ltd stock was trading at Rs.497.50, down by Rs.1.20 or 0.24%. The stock hit an intraday high of Rs.501 and low of Rs.496.

The total traded quantity was 0.11 lakhs compared to 2 week average of 0.49 lakhs.

Source : Equity Bulls

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