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BANGALORE: iGate Global Solutions Ltd has informed the NSE that the company's EGM will be held on May 22 to consider the grant of 150,000 stock options to Mr Phaneesh Murthy, CEO and MD, under the Stock Option Plan titled `iGate Global Solutions Ltd-Employees Stock Option Plan 2003', together with the options granted to him under the Stock Option Plan 2000 during 2003-04. The stock options exceed one per cent of the company's issue capital (excluding outstanding warrants and conversions).

The EGM will also take up the issue of private placement and/or preferential allotment. The company plans to offer, issue, allot and deliver in one tranche or more on a private placement and/or preferential allotment basis up to 4.6 lakh equity shares of face value of Rs 4 each. It also plans to offer, issue, allot and deliver in one tranche or more on a private placement and/or preferential allotment basis up to 15,26,211 equity shares of the company of the face value of Rs 4 each.

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iGate EGM on May 22

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