Hexaware Technologies grants 120000 options

The Board of Directors of Hexaware Technologies Ltd at its meeting held on April 28, 2011, has considered and approved the grant of 1,20,000 options under Employee Stock Option Scheme 2007 at a price of Rs. 71.10, the closing price on the National Stock Exchange recording the highest volume of trade on the day before the date of the Meeting i.e. closing price on April 27, 2011 on the National Stock Exchange which was Rs. 71.10.

These options are convertible into equivalent number of equity shares of the company with equal vesting over two years @ 50% at the end of each year and first vesting at the end of first year. These options shall be exercised over a period of 7 years from the date of grant.

Source : Equity Bulls

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