Patni Computer allots 78400 Equity Shares under Company's Stock Option Plan

Patni Computer Systems Ltd has announced that the Compensation & Remuneration Committee of Directors of the Company vide resolution dated December 23, 2009 allotted 78,400 equity shares of par value of Rs. 2/- each to certain employees including 50,300 underlying equity shares of par value of Rs. 2/- each to Bank of New York as Depository in connection with the issuance of 25,150 American Depositary Shares (ADSs) pursuant to the exercise of ADR Linked options.

The stock was trading at Rs.486.50, down by Rs.4.20 or 0.86%. The stock hit an intraday high of Rs.496 and low of Rs.484.50.

The total traded quantity was 23970 compared to 2 week average of 69068.

Source : Equity Bulls

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