Patni Computer Systems Ltd allots 41151 Equity Shares under Company's Stock Option Plan

The Compensation & Remuneration Committee of Directors of Patni Computer Systems Ltd vide resolution dated April 13, 2012 has allotted 41,151 equity shares of par value of Rs. 2/- each to certain employees including 19,926 underlying equity shares of par value of Rs. 2/- each to Bank of New York Mellon as a Depository in connection with the issuance of 9,963 American Depositary Shares (ADSs) to foreign based option holders 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.505.35, up by Rs.0.35 or 0.07%. The stock hit an intraday high of Rs.506.50 and low of Rs.505.

The total traded quantity was 5416 compared to 2 week average of 31729.

Source : Equity Bulls

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