Reliance Capital has announced a major ESOP scheme under which select
employees across all major operating businesses would be granted stock
options with a notional value of Rs 150 crore.
Reliance Capital is part of Anil Ambani-led business conglomerate Reliance Group and is present in insurance, mutual fund, broking and non-banking finance businesses among others.
The ESOPs would be given to a total of 250 employees of Reliance Capital and its major business units -- including Reliance Capital Asset Management, Reliance Commercial Finance, Reliance Life Insurance, Reliance Securities and Reliance General Insurance.
The ESOPs comprise of 6,46,080 shares of Reliance Capital and the balance as Phantom Shares of operating subsidiaries.
The notional value of the proposed stock options, at Rs 150 crore, represents 1.6 per cent of Reliance Capital's market capitalisation.
The Employee Stock Option (ESOP) Scheme 2015, which is subject to requisite approvals, has been approved by the boards of Reliance Capital' and respective group companies.
The company said the scheme is part of Reliance Capital's Rewards Programme aimed at retaining and incentivizing key employees for their contribution to the growth and profitability of the company.
Reliance Capital is part of Anil Ambani-led business conglomerate Reliance Group and is present in insurance, mutual fund, broking and non-banking finance businesses among others.
The ESOPs would be given to a total of 250 employees of Reliance Capital and its major business units -- including Reliance Capital Asset Management, Reliance Commercial Finance, Reliance Life Insurance, Reliance Securities and Reliance General Insurance.
The ESOPs comprise of 6,46,080 shares of Reliance Capital and the balance as Phantom Shares of operating subsidiaries.
The notional value of the proposed stock options, at Rs 150 crore, represents 1.6 per cent of Reliance Capital's market capitalisation.
The Employee Stock Option (ESOP) Scheme 2015, which is subject to requisite approvals, has been approved by the boards of Reliance Capital' and respective group companies.
The company said the scheme is part of Reliance Capital's Rewards Programme aimed at retaining and incentivizing key employees for their contribution to the growth and profitability of the company.
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