Tech Mahindra - Outcome of Compensation Committee Meeting
Tech Mahindra Ltd has informed BSE that the resolution passed by the Compensation Committee of the Board of Directors of the Company at its meeting held on May 19, 2008, for grant of 61,000 stock options (covering 61,000 equity shares of the Company) at an exercise price of Rs 957 per share {being the latest available closing price on The National Stock Exchange of India Ltd as of May 16, 2008, in line with the requirements of Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999}, to certain employees of the Company and / or its holding and subsidiary Companies, under Employee Stock Option Plan 2006 (ESOP 2006) of the Company.
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