Mphasis has informed that the Board of Directors of the Company at its meeting held on July 29, 2015, 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.
The above information is a part of company’s filings submitted to BSE.
