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Mphasis Limited ( (IN:MPHASIS) ) just unveiled an announcement.
Mphasis Limited has announced the allotment of 37,834 shares following the exercise of Employee Stock Options (ESOPs) and Restricted Stock Units (RSUs). This move, approved by the ESOP Compensation Committee, involves the distribution of shares under the ESOP 2016 and RSU Plan 2021. The Mphasis Employees Equity Reward Trust and Mphasis Employees Benefit Trust will manage the deduction of shares to cover exercise prices and applicable taxes, with proceeds used to repay company loans and taxes. This allotment reflects Mphasis’s commitment to rewarding its employees and aligning their interests with the company’s growth, potentially enhancing employee engagement and retention.
More about Mphasis Limited
Mphasis Limited operates in the information technology industry, providing a range of IT services and solutions. The company focuses on delivering cloud and cognitive services, application development, and business process outsourcing to clients across various sectors.
Average Trading Volume: 329,398
Technical Sentiment Signal: Strong Buy
Current Market Cap: 552.2B INR
For detailed information about MPHASIS stock, go to TipRanks’ Stock Analysis page.