Reliance Group announced its first-ever grant of Employee Stock Options (ESOPs) across its flagship companies, Reliance Infrastructure and Reliance Power. Nearly 2,500 employees benefit from this plan. Most employees can exercise their options at a face value of ₹10 per share. This move reaffirms the group’s culture of ownership, loyalty recognition, and long-term value creation.
Landmark ESOP Program
Reliance Group has introduced a landmark Employee Stock Option (ESOP) program across its key entities, including Reliance Infrastructure and Reliance Power. This marks the first such grant by the company, reinforcing its commitment to employee empowerment and shared prosperity.
Employee Coverage and Benefits
The ESOP initiative extends to nearly 2,500 employees within the Reliance Group, expanding the Group’s shareholder base to over 50 lakh. In a progressive step, most employees will have the opportunity to exercise their options at a face value of ₹10 per share.
Rationale and Objectives
The implementation of the ESOPs underscores the Group’s dedication to recognizing and rewarding its employees’ loyalty and contributions to the company’s turnaround. This initiative seeks to foster a culture of ownership and sustainable long-term value creation. The program aims to align employee aspirations with the Group’s long-term vision.
Reliance Group’s Vision
Reliance Group is focused on generating long-term value and is committed to sustainable growth. The ESOP initiative reaffirms its commitment to employee empowerment and inclusive growth.
Group Overview
Reliance Infrastructure Limited and Reliance Power Limited are part of the Reliance Group, with a combined investor base of over 50 lakh shareholders. The Group 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.
Source: BSE
