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Infosys COO Pravin Rao gets shares worth Rs 4 cr

IANS  |  Bengaluru 

Software on Thursday granted blue-chip shares valued at Rs 4 crore at market price to its as an incentive.

"The grant of stock incentives to Rao is to incentivise him to increase shareholder value and drive execution excellence of the business strategy," the city-based IT in a regulatory filing to the BSE.

On approval by shareholders, Rao will be allotted the shares under the expanded stock ownership programme - 2019 annual performance equity grant.

The stock will vest with him for 12 months from the date of each grant, which is based on the performance criteria mentioned in the 2019 plan.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 16 2019. 23:56 IST
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