Tech Mahindra allots shares worth Rs 4.24 lakh to employees as stock options

Tech Mahindra allots shares worth Rs 4.24 lakh to employees as stock options

The company will allocate 82,830 shares under the ESOP -2014 while the remaining 2,000 will be allotted under ESOP -2018.

Pratiksha ThayilUpdated: Friday, February 03, 2023, 06:29 PM IST
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Tech Mahindra allots shares worth Rs 4.24 lakh to employees as stock options | Tech Mahindra

Tech Mahindra allots shares worth Rs 4.24 lakh to employees as stock options

Tech Mahindra on Friday announced the allocation of 84,830 equity shares worth Rs 4,24,150 to employees as stock options, through an exchange filing. The company will allot 82,830 shares under the ESOP-2014, while the remaining 2,000 will be allotted under the ESOP-2018. Each of these shares is worth Rs 5 each.

The total issued shares after this came to 973,934,043 worth Rs 4,869,670,215.

Tech Mahindra on January 20, had awarded employees with shares worth Rs 3.51 lakh as stock options.

Shares

The shares of Tech Mahindra on Friday closed at Rs 1,012.55, down by 0.40 per cent.

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