Mastek Ltd Grants 11500 Options to eligible employees under ESOP Scheme

The Nomination and Remuneration Committee of the Board of Directors of Mastek Ltd at its meeting held on January 13, 2016 has granted 11,500 stock options (ESOP's) to the eligible employees.

The options are granted at the market price of Rs. 178/- per share and on exercise of the option, one equity share of face value of Rs. 5/- each shall be allotted per option.

The options shall vest at the rate of 25% at the end of each year from the date of grant.

The first option shall vest only after a period of twelve months from the date of grant.

The vested options can be exercised within a period of seven years from the date of vesting.

Shares of MASTEK LTD. was last trading in BSE at Rs.158 as compared to the previous close of Rs. 166.8. The total number of shares traded during the day was 307977 in over 7659 trades.

The stock hit an intraday high of Rs. 165.9 and intraday low of 150.3. The net turnover during the day was Rs. 48497578.

Source : Equity Bulls

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