Subex has granted employee stock option plans (ESOPs) to its employees.
In a filing with the BSE, the company said that the ESOP committee of the board of directors of the company has granted 3,300 ESOPs to its employees at Rs 19.63 per option.
The ESOPs have been granted in accordance with the terms and conditions, including vesting period and exercise period, under the Employee Stock Option Plan-2005 of the company and the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999.