Zensar Technologies has allotted 66,847 fully- paid equity shares to its employees.
The mentioned equity shares will have equal standing with the Company’s existing equity shares in every aspect. Additionally, all the shares will be of face value Rs 2 per share.
As a result of this allotment, as of 22 March, 2024, the company’s issued and subscribed share capital has risen to Rs. 45,3266,382, divided into 22,66,33,191 equity shares
Zensar Technologies is a global digital solutions and technology services company headquartered in India, with a presence in over 30 countries. Established in 1991, it offers a wide array of services including software development, digital transformation, cloud computing, cybersecurity, and more to clients across various industries such as manufacturing, retail, healthcare and banking.
With a focus on innovation and customer-centricity, Zensar leverages emerging technologies such as artificial intelligence, machine learning and blockchain to deliver cutting-edge solutions. The company emphasises agility and collaboration, enabling clients to adapt to rapidly- changing market dynamics and stay ahead in the digital age.
Companies increasingly allocate ESOPs to foster a sense of ownership, aligning employees with the company’s growth and success. This helps improve the company’s talent retention, providing a long-term incentive for skilled employees to remain with the organisation. Furthermore, ESOPs attract top-tier talent seeking both financial rewards and a stake in the company’s performance.
