Thursday, January 10, 2008

Sasken Communication - Allotment Of Shares On Exercise Of Stock Options

Sasken Communication Technologies Ltd has informed that on January 08, 2008, the Company has allotted 7,507 (Seven thousands five hundred and seven only) equity shares of par value of Rs 10/- per share to the individual optionees under the Companys Employees Stock Option Plan of 2000 and 2006 on receipt of payment of the subscription monies aggregating to Rs 1,586,740/-.

Further the Company has informed that, the said allotment includes allotment of 2,000 shares at Rs 234/- per share (Face Value of Rs 10 + Premium of Rs 224) to Dr. Ashok Jhunjunwala, Independent Director, pursuant to the options granted to him in June 2006 under ESOP Scheme 2006.

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