Patni Computer Systems allots 100283 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 6th August has allotted 100,283 equity shares of par value of Rs. 2/- each to certain employees (all NRI employees) including 96,298 underlying equity shares of par value of Rs. 2/- each to Bank of New York as Depository in connection with the issuance of 48,149 American Depositary Shares (ADSs) pursuant to the exercise of ADR Linked options.

The stock was trading at Rs.447.40, down by Rs.2.60 or 0.58%. The stock hit an intraday high of Rs.452.85 and low of Rs.442.10.

The total traded quantity was 66053 compared to 2 week average of 142268.

Source : Equity Bulls

Keywords