Subex Cancels Employee Stock Options

The ESOP Committee of the Board of Directors of Subex Ltd has cancelled 33,810 ESOPs in accordance with the terms and conditions under the Employee Stock Option Plans of the Company viz. ESOP 2000, ESOP 2005 and ESOP 2008, and Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999.

The stock was trading at Rs.66.20, up by Rs.3.20 or 5.08%. The stock hit an intraday high of Rs.66.80 and low of Rs.62.50.

The total traded quantity was 9 lakhs compared to 2 week average of 3.85 lakhs.

Source : Equity Bulls

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