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Tech Mahindra rewards its employees with shares worth over Rs 7 lakh as stock options | Tech Mahindra
Tech Mahindra on Wednesday announced the allotment of shares worth Rs 7,58,450 as employee stock options through an exchange application. 1,51,690 equity shares of Rs 5 each will be allotted in 2 schemes – ESOP 2014 and ESOP 2018.
The total number of shares issued after this new issue is 973,778,993, which is worth Rs. 4,868,894,665.
Earlier this month, the company announced its partnership with Airtel to enable a private 5G network at Mahindra’s Chakan plant.
On December 12, Tech Mahindra rewarded its employees with shares worth over Rs 6 lakh as stock options.
At 12:30 IST on Wednesday, shares of Tech Mahindra were trading at Rs 1,027.20, up 0.91 percent.
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