Subex Ltd cancels 691883 ESOPs

The ESOPs Committee of the Board of Directors of Subex Ltd has cancelled 6,91,883 ESOPs for the quarter of October-December 2015 on January 22, 2016 in accordance with the terms and conditions under the Employee Stock Option Plans of the Company- ESOP 2005, ESOP 2008 and the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014.

Shares of SUBEX LTD. was last trading in BSE at Rs.9.37 as compared to the previous close of Rs. 9.03. The total number of shares traded during the day was 2274561 in over 2704 trades.

The stock hit an intraday high of Rs. 9.54 and intraday low of 9.1. The net turnover during the day was Rs. 21387281.

Source : Equity Bulls

Keywords