MindTree allots 56197 Equity Shares

MindTree Ltd has announced that the Company has allotted no shares under the 1999 Stock Option Plan (Program 1).

Further, the Company has allotted 19,282 equity shares of Rs. 50/- each fully paid on January 15, 2010 to the employees/directors of the Company pursuant to exercise of stock options granted to them under the 2001 Stock Option Plan (Program 2).

Further, the Company has allotted 8,535 equity shares of Rs. 250/- each fully paid on January 15, 2010 to the employees/directors of the Company pursuant to exercise of stock options granted to them under the 2006(a) Stock Option Plan (Program 3).

Further, the Company has allotted 24,238 equity shares (of which 2500 are of Rs. 242,12,208 are of Rs. 300/- each, 1935 are of Rs. 315/- each, 4,150 are of Rs. 335/- each, 365 are of Rs. 350/- each, 980 are of Rs. 419/- each and 2100 are of Rs. 460/- each), fully paid on January 15, 2010 to the employees/directors of the Company pursuant to exercise of stock options granted to them under the 2006(b) Stock Option Plan (Program 4).

Further, the Company has allotted 4,142 equity shares (of which 152 are of Rs 182.88 and 3990 are of Rs. 343.48/- each) fully paid on January 15, 2010 to the employees/directors of the Company pursuant to exercise of stock options granted to them under the 2008 A Stock Option Plan (Program 5).

The Stock closed the day at Rs.714.95, up by Rs.17.25 or 2.47%. The stock hit an intraday high of Rs.725.90 and low of Rs.671.

The total traded quantity was 44352 compared to 2 week average of 17873.

Source : Equity Bulls

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