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Reliance Group has rolled out its first Employee Stock Options in Reliance Infrastructure and Reliance Power, covering 2,500 employees. The ESOPs, approved by shareholders earlier this month, allow most employees to acquire shares at INR 10 each, recognizing their loyalty and contribution to the company's turnaround. The two companies together have over 5 million shareholders. Reliance Group employs more than 28,000 people, serves millions of customers, and holds assets worth INR 1,07,123 crore with a net worth of INR 40,856 crore.
Reliance Group has announced its first-ever Employee Stock Options (ESOPs) for two of its companies, Reliance Infrastructure and Reliance Power. The initiative will cover 2,500 employees, reflecting the company's view that its workforce is a key asset and an essential partner in its growth, transformation, and creation of sustainable value. Advertisement
The ESOP plan received shareholder approval earlier this month. Under the plan, most employees will be able to exercise their stock options at a face value of INR 10 per share, acknowledging their long-standing contribution and loyalty during the group's turnaround journey.
Reliance Infrastructure and Reliance Power together have an investor base of over 5 million shareholders. The Reliance Group employs more than 28,000 people and serves millions of customers across its businesses. Its total assets are valued at INR 1,07,123 crore, with a net worth of INR 40,856 crore. The ESOPs aim to strengthen employee engagement while aligning their interests with the company's long-term growth strategy.
Source PTI
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