An update from Mphasis Limited ( (IN:MPHASIS) ) is now available.
Mphasis Limited announced the exercise of 99,002 stock options and 113 restricted stock units as part of their Employee Stock Options Plan 2016 and Restricted Stock Units Plan 2021. This move is part of the company’s strategy to incentivize employees and align their interests with shareholders. The Mphasis Employees Equity Reward Trust and Mphasis Employees Benefit Trust will manage the deduction of shares to cover exercise prices and applicable taxes, utilizing proceeds to repay company loans, reflecting a structured approach to employee compensation and financial management.
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, application services, and infrastructure services to clients across various sectors.
YTD Price Performance: -22.71%
Average Trading Volume: 9,929
Current Market Cap: 422.5B INR
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