Moschip Semiconductor Grants Stock Options of 150,000 at Rs.24.90

Moschip Semiconductor Technology Ltd has announced that the Compensation Committee of the Company at its meeting held on April 25, 2007 has granted, in aggregate 150,000 stock options to the eligible employees of the Company under the MosChip Stock Option Plan - 2004 at a price of Rs 24.90 per option (Closing Price as on April 24, 2007 at BSE). These options will vest after completion of one year, equally in a span of 4 years from the date of grant, and can be exercised within 5 years from the date of vesting.

The stock closed the day at Rs.24.75, down by Rs.0.15 or 0.60%. The stock hit an intraday high of Rs.25.15 and low of Rs.24.50. The total traded quantity was 87200 shares compared to 2 week average of 116303.

Source : Equity Bulls

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