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Board of MphasiS approves formulation of Mphasis Restricted Stock Unit Plan 2015

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At meeting held on 29 July 2015

MphasiS announced that the Board of Directors of the Company at its meeting held on 29 July 2015, inter alia, have approved formulation of Mphasis Restricted Stock Unit Plan 2015 (RSU 2015) with the underlying shares not exceeding 2.5 million equity shares of Rs. 10/ each. The shares arising out of the exercise of RSUs is proposed to be acquired from the market.

The Company would be obtaining the approval of members in the ensuing Annual General Meeting.

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First Published: Jul 29 2015 | 7:40 PM IST

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