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Mphasis has announced a board meeting to grant stock options and restricted stock units (RSUs) to employees. The ESOP Compensation Committee approved the issuance of 15,000 stock options priced at ₹2,800 each, with a five-year vesting period. Additionally, 5,000 RSUs at ₹10 each will vest over five years following a specific schedule. The options and units will be managed through the Mphasis Employees Equity Reward Trust and the Mphasis Employees Benefit Trust, respectively.
This move aims to enhance employee engagement and retention, aligning employees' interests with shareholder value. Investors may view this positively as it signals a commitment to workforce motivation and potentially improved operational performance.