Sasken Communication Technologies said that the company has allotted 23,000 equity shares of Rs 10 each to employees of the company under ESOP Scheme 2006.
Shares of the company declined Rs 4.2, or 1.81%, to settle at Rs 227.50. The total volume of shares traded was 8,049 at the BSE (Monday).
The stock had underperformed the market over the past one month till Dec. 19, 2014, falling 4.21% compared with the Sensex's 2.36% decline. It underperformed the market in past one quarter, declining 12.36% as against 1.04% rise in the Sensex.