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Infosys plans another Esop - Views on News from Equitymaster
 
 
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  • May 27, 1999

    Infosys plans another Esop

    Infosys Technologies is considering another round of employee stock option plan (Esop) in order to attract and retain its manpower. As part of the plan, Infosys intends to offer 3.3 m shares to its employees under the 1999 option plan and will seek its shareholders' approval at the next annual general meeting on 12 June. Each option granted shall entitle an eligible employee to apply for one equity share of Rs. 10 each at a fair market price determined by the company's board and guidelines of the Securities and Exchange Board of India (Sebi). Currently each Rs. share of Infosys is traded at Rs. 3,200 on the National Stock Exchange and the Bombay Stock Exchange. This is the third Esop proposal offered by Infosys to its employees.

     

     

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