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Mphasis Limited ( (IN:MPHASIS) ) has issued an update.
Mphasis Limited has announced the exercise of 102,556 employee stock options and restricted stock units, as approved by the ESOP Compensation Committee. The shares were allotted under the Employee Stock Options Plan 2016 and Restricted Stock Units Plan 2021. The Mphasis Employees Equity Reward Trust and Mphasis Employees Benefit Trust will deduct shares to cover exercise prices and taxes, using proceeds to repay company loans and taxes, following shareholder approvals.
More about Mphasis Limited
Mphasis Limited operates in the information technology industry, providing IT services and solutions. The company focuses on delivering cloud and cognitive services, digital transformation, and IT outsourcing to clients across various sectors.
Average Trading Volume: 324,435
Technical Sentiment Signal: Strong Buy
Current Market Cap: 533.1B INR
For an in-depth examination of MPHASIS stock, go to TipRanks’ Overview page.