Allotment of equity shares under Companys Stock Option Plan

Patni Computer Systems Ltd has informed BSE that the Compensation & Remuneration Committee of Directors of the Company vide resolution dated March 08, 2011 has allotted 380,762 equity shares of par value of Rs. 2/- each to certain employees including 142,962 underlying equity shares of par value of Rs. 2/- each to Bank of New York Mellon as a Depository in connection with the issuance of 71,481 American Depositary Shares (ADSs) to foreign based option holders pursuant to the exercise of ADR Linked options granted to them under the Companys Stock Option Plan.

Source : BSE - >www.bseindia.com

Published on March 10, 2011
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