Zensar Technologies Ltd grants 145000 options

The Nomination and Remuneration Committee ("Committee") of Zensar Technologies Ltd at its meeting held on January 18, 2016, has considered and approved the grant of 1,45,000 Options under ESOP 2006 Scheme at an Exercise Price of Rs. 940.00 per Option to the Employees of the Company. The vesting of the Options shall take place over a period of 5 (Five) Years based on the performance of the Employees. Each Option upon vesting entitles employee to apply for one Equity Share of the Company.

Pursuant to exercise of Stock Options by Employees of the Company, the Committee allotted fully paid up 71,614 Equity Shares of Rs. 10/- each of the Company to its Employees.

Shares of ZENSAR TECHNOLOGIES LTD. was last trading in BSE at Rs.950 as compared to the previous close of Rs. 988.65. The total number of shares traded during the day was 22122 in over 1524 trades.

The stock hit an intraday high of Rs. 993.95 and intraday low of 931.25. The net turnover during the day was Rs. 21034940.

Source : Equity Bulls

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