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Reliance Capital, the financial services major has announced a major ESOP scheme under that select employees across various group units are going to be granted stock options with a notional value of Rs 300 crore.
The scheme is a part of Reliance Capital’s Rewards Programme which is aimed at retaining and incentivising key employees for their contribution to the growth and profitability of the company.
Reliance Capital has said in a regulatory filing that “The ESOPs comprise of 9,21,000 shares of Reliance Capital plus shares/Phantom Shares of operating subsidiaries and associates.”
The boards of Reliance Capital and respective group companies have approved the employee stock option plan (ESOP) 2017.
