Mastek Ltd Grants 212350 Options to eligible employees under ESOP Scheme

The Nomination and Remuneration Committee of the Board of Directors of Mastek Ltd at its meeting held on October 14, 2015, has granted 2,12,350 stock options (ESOP's) to the eligible employees.

The options are granted at the market price of Rs. 174/- per share. On exercise of the option, one equity share of face value of Rs. 5/- each shall be allotted per option. The options shall vest at the rate of 25% at the end of each year from the date of grant.

The first option shall vest only after a period of twelve months from the date of grant.

The vested options can be exercised within a period of seven years from the date of vesting.

Shares of MASTEK LTD. was last trading in BSE at Rs.175.6 as compared to the previous close of Rs. 173.3. The total number of shares traded during the day was 100160 in over 2259 trades.

The stock hit an intraday high of Rs. 181.7 and intraday low of 171.1. The net turnover during the day was Rs. 17745132.

Source : Equity Bulls

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