Hexaware Technologies grants 75000 Options

Hexaware Technologies Ltd has announced that the Remuneration and Compensation Committee of the Board at its meeting held on January 28, 2010, have granted 75000 options under the Employee Stock Option Scheme 2008 convertible into equal number of equity shares of the Company at a price of Rs. 85.70 being the closing price on the National Stock Exchange, a Stock Exchange having highest trading volume on January 27, 2010, being the working day prior to the date of grant of options.

The said options would vest equally over a period of four years with the first 25% vesting at the end of first year and a exercise period of seven years from the date of grant.

The Committee also considered and approved the exercise of 369846 options under the Employee Stock Option Scheme 2002.

The stock closed the day at Rs.85.05, down by Rs.0.45 or 0.53%. The stock hit an intraday high of Rs.88.35 and low of Rs.83.15.

The total traded quantity was 134098 compared to 2 week average of 209634.

Source : Equity Bulls

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