The Mphasis BFL Group will convene a board meeting in Bangalore on April 17 to consider and approve the bonus share issue and a new employee stock option plan.
Deciding this at their meeting held in Bangalore on Wednesday, the company said that the Board will take up the issue for shareholders' approval on a 1:1 basis.
The Mphasis group is a leading provider of software and system integration technology and IT-enabled services for consumer-focused corporations. Its clients include blue chip companies like ABN Amro, Chase Manhattan Bank, Citigroup and ICICI Bank, said a company release.
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