Blue Star Infotech updates on Employee Stock Options

In respect to Employee Stock Options granted by Blue Star Infotech Ltd, Mr. Sunil Bhatia, erstwhile Chief Executive Officer and Managing Director of the Company has informed the Company, by a letter dated January 28, 2016, that he would not be exercising 6,00,000 ESOP grants made to him.

Mr. Nishith Mathur, erstwhile Chief Operating Officer of the Company has informed the Company, by a letter dated January 27, 2016, that he would not be exercising 2,26,000 ESOP grants made to him.

There are no further outstanding grants or claims in respect of the above stated individuals in respect of ESOP granted by the Company.

The Non-exercise of 8,26,000 stock options is anti-dilutive, wherein the diluted EPS would increase.

Shares of BLUE STAR INFOTECH LTD. was last trading in BSE at Rs.220.3 as compared to the previous close of Rs. 222.6. The total number of shares traded during the day was 717 in over 66 trades.

The stock hit an intraday high of Rs. 221.9 and intraday low of 216. The net turnover during the day was Rs. 157345.

Source : Equity Bulls

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