Zensar Technologies Limited announced grant of 9,42,084 equity shares under different ESOP plans via an exchange filing.
a) Performance Award Units (PAUs) including 8,71,817 ESOPs granted to Manish Tandon, CEO & MD, pursuant to the company’s ESOP plan viz., Employees Performance Award Unit Plan 2016 (EPAP 2016), at an exercise price of Rs 2 per share, which would vest as per the terms of grant, based on the underlying performance parameters.
b) The company also allotment of 75,465 fully paid equity shares of Rs 2 each to the employees of the company who have exercised ESOPs earlier granted to them.
