Reliance Group has, for the very first time, announced Employee Stock Options (ESOPs) for Reliance Infrastructure and Reliance Power, covering 2,500 employees.
“The initiative reflects the Group’s strong conviction that its employees are its greatest assets and trusted partners in the journey of growth, transformation, and sustainable value creation,” Reliance Group said in a statement.
Reliance Group shareholders approved the decision on November 3, 2024, as reported by The Economic Times. The group stated that employees will be able to avail themselves of ESOPs at ₹10 per share, as recognition of their loyalty and long-standing contributions to its turnaround journey.
With the new ESOP scheme, Reliance Group aims to acknowledge the efforts of its employees. Though the initiative has only gone live in two of its listed companies, it is possible that the conglomerate may also extend the option to other companies like Reliance Roads, Reliance Mumbai Metro, Reliance Health, etc.
In its statement, Reliance Group revealed that Reliance Infrastructure and Reliance Power have a combined investor base of over 50 lakh shareholders. Presently, Reliance Group employs over 28,000 workers and has assets worth ₹1,07,123 crore, along with a net worth of ₹40,856 crore.
