Patni Computer Systems allots 106570 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 May 20, 2010, has allotted 106,570 equity shares of par value of Rs. 2/- each to certain employees including 21,500 underlying equity shares of par value of Rs. 2/- each to Bank of New York as Depository in connection with the issuance of 10,750 American Depositary Shares (ADSs) pursuant to the exercise of ADR Linked options.

The stock was trading at Rs.547.15, down by Rs.3.35 or 0.61%. The stock hit an intraday high of Rs.561 and low of Rs.546.10.

The total traded quantity was 9012 compared to 2 week average of 58171.

Source : Equity Bulls

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