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RCom announces ESOP scheme for its 20,000 employees
TT Correspondent |  Mumbai |  10 Mar 2008

RCom announced a 1.75 crore employee stock options (ESOP) scheme for its 20,000 employees including its subsidiaries. The company said that the scheme was announced to share the growth in value and reward its employees for participating in the unprecedented success of the company.

 

Anil Ambani said: “The employee stock option scheme truly recognises the efforts of our employees and aims to reward them for contributing towards the transformation of Reliance Communications as the most profitable Indian telecom enterprise, and among Asia’s top 5 most valuable companies within a short span of two years.”

 

According to the company. each option will be would be exercisable into equal number of fully paid-up equity shares of RCom. The options will vest at the end of one year from the date of grant and shall be eligible for exercise up to a period of nine years from the date of vesting.

    
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10 Mar 2008(IST)  
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