RCOM will give Esops to 20,000

TIMES NEWS NETWORK

Mumbai: Just when you though employee stock options (Esops) had been given a quiet burial, it seems to be finding its way back. On Sunday, Reliance Communications (RComm), the telecom arm of the Anil Dhirubhai Ambani group (ADAG), said it will offer up to 1.75 crore shares of the company to about 20,000 employees. At current market prices of a little over Rs 545 for each RComm share on BSE, the plan is worth about Rs 950 crore.
It was put in place to share the growth in value and reward its employees for having participated in the unprecedented success of the company, a press note issued by the group said. When looked at from a macro perspective though, the announcement is a significant one.


Msg By Ms Dolly