Quintegra announces ESOS for employees

Chennai, Oct 18 (UNI) The city based Quintegra Solutions Ltd, a global IT services and consulting company, has announced Employee Stock Option Scheme (ESOS) for its employees.

A company release here said the Board of Directors of the company, has granted options aggregating to 5,13,320 equity shares at an exercise price of Rs 80 per share to the employees.

Chairman and Managing Director, Quintegra Sankarraman Vaidyanathan said ESOS was designed to infuse professional growth and enhance wealth of the employees. The stocks were given for less than the market price.

Vice President Human Resources Sriram Narasimhan, said the scheme would benefit around 275 out of 350 employees of the company and help it to attract and retain talent.

The management and ownership of the company had recently changed hands, and the new Board and Executive Management team had professionals across various functional domains.

The International Advisory Board of Quintegra already had eminent people including President of the US-based Allied Signal Aerospace William J Hinz, who shaped Quintegra's business and technology strategies, Head of the Department of Endocrinology, Sri Ramachandra Medical College and Research Institute Chennai Krishna G Seshadri, and Professor of Management, Marketing and Information Technology, Carnegie Mellon University Kannan Srinivasan.

UNI WS GKT 1835