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Infosys said in a information given to BSE on Thursday that ESOPs will be provided from May 2, 2025 and the number of RSUs will be calculated on the basis of market price on 2 May 2025.
The board of directors of India's second largest information technology company Infosys has approved the Chief Executive Officer and Managing Director Salil Parekh to provide Employee Share Option Scheme (ESOP) worth more than Rs 51 crore.
These stock incentives are under various items including ESG (environmental social rule) and equity. Their total amount is more than Rs 51 crore. In the information given to the stock market, the company said that the board of directors approved the said annual grant to Parekh under the employment agreement approved by the shareholders on the basis of nomination and recommendations of the remuneration committee.
The Board of Directors also approved the grant of annual performance-based stock encouragement (annual performance equity TSR Grants) as the Researcts Stock Unit (RSU), which 'cover' shares of a market price of Rs five crore on the date of grant under the 2015 scheme. This will be given on or after 31 March 2027 under some criteria.
Infosys said in a information given to BSE on Thursday that ESOPs will be provided from May 2, 2025 and the number of RSUs will be calculated on the basis of market price on 2 May 2025.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from the feed of PTI-language.
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