Patni Computer allots shares under ESOP

K.S. Badri Narayanan Updated - November 22, 2011 at 04:18 PM.

Patni Computer Systems Ltd has informed the stock exchanges that the company's Compensation and Remuneration Committee of Directors vide resolution dated November 18 allotted 91,990 equity shares of par value of Rs 2 each to certain employees. This includes 52,130 underlying equity shares of par value of Rs 2 each to the Bank of New York Mellon as a Depository in connection with the issuance of 26,065 American Depository Shares (ADSs) to foreign based option holder pursuant to the exercise of ADR linked options granted to him under the company's stock option plan.

Published on November 22, 2011 06:14