Reliance Group announces its first-ever landmark Employee Stock Option Plan (ESOP) grant across Reliance Infrastructure and Reliance Power, covering nearly 2,500 employees. This initiative expands the group’s shareholder family to over 50 lakh. Most employees can exercise options at a face value of ₹10 per share, recognizing their loyalty and contributions to the company’s turnaround.
Landmark ESOP Grant
Reliance Group announced its first-ever landmark ESOP grant across Reliance Infrastructure Limited and Reliance Power Limited. This initiative reflects the Group’s strong belief in its employees as their greatest assets.
Employee Coverage and Shareholding Expansion
The Employee Stock Ownership Plan (ESOP) covers nearly 2,500 employees, expanding its family of shareholders to over 50 lakh. This inclusive initiative strengthens the company’s commitment to long-term value creation.
Progressive Move: ESOPs at Face Value
In a progressive move, most employees can exercise their options at a face value of ₹10 per share. This move recognizes their loyalty and contribution to the Group’s turnaround journey, providing an equitable opportunity for wealth creation.
Commitment to Ownership and Long-Term Value
The Employee Stock Option Program has been structured to acknowledge past performance and inspire continued excellence. It aligns employee aspirations with the Group’s long-term vision, strengthening a culture of inclusion and shared responsibility. The shareholder approval for the grant was received on November 3, 2024.
Reliance Group’s Vision
Reliance Group continues to focus on generating long-term value for its large and diverse shareholder base. Its commitment to sustainable value creation remains at the heart of the Group’s strategy and vision for future growth. As Reliance Group advances on its journey of Resilient, Renewed, and Resurgent Growth, this ESOP initiative reaffirms its enduring commitment to long-term value creation.
About Reliance Group
Reliance Group’s two flagship companies, Reliance Infrastructure Limited and Reliance Power Limited, are entirely bank debt-free. The group has a combined investor base of over 50 lakh shareholders and employs more than 28,000 people. The Group has assets worth Rs 1,07,123 crore, and a net worth of Rs 40,856 crore.
Reliance Power Limited has an installed capacity of 5,305 MW, including the 4,000 MW Sasan Ultra Mega Power Project in Madhya Pradesh.
Source: BSE
