Esops

Do you know why employers generally reserve 13% to 20% of equity for their employees? So that they can offer these shares to proficient employees at discounted rates without any upfront cost. Well, this is simply what ESOP simply refers to. Employee Stock Ownership Plan (ESOP) is a kind of reward program invented by San Francisco lawyer and economist Louis O. Kelso with a brilliant financial brain to trick top-notch employees to stick to the company for the long run.As ESOP is a beneficial plan for employees which offers…

Analysts polled by ET said they expect TCS to clock 12.4% profit growth and 16.7% revenue growth for the third quarter when it kicks off the IT results season on Monday. Overall, Indian IT companies are expected to report modest numbers for the quarter as clients have tightened their spending due to macroeconomic and geopolitical concerns.Also in this letter:■ Delhivery approves allotment of 1.7 lakh shares against exercised Esops■ Paytm Payments Bank appoints Surinder Chawla as MD & CEO■ Women gamers break glass…

Seeking the intervention of the Securities and Exchange Bureau of India (Sebi), proxy advisory firm Institutional Investor Advisory Services (IiAS) has raised flags about fintech company Paytm granting employee stock options (Esops) to its founder and CEO Vijay Shekhar Sharma. IiAS has raised two questions over Sharma’s eligibility for receiving Esops -- whether he meets the definition of a promoter of the company under Sebi's rules, and if his aggregate shareholding, including both direct and indirect, is less than 10%.…

Delhivery’s stakeholder relationship committee has approved the allotment of 170,676 shares against the exercise of vested employee stock options granted under its employee stock ownership plan (Esop) of 2012 and 2020, the new-age logistics company said in a regulatory filing. The company has projected a cost of Rs 566 crore on Esops that are already granted over the next five years, of which Rs 282 crore is the projected cost for the ongoing fiscal year. As of September 30, the Gurugram-based company had 34.65 million…

Paytm may be circumventing regulation to grant employee stock options to founder and chief executive officer Vijay Shekhar Sharma, according to proxy advisory firm Institutional Investor Advisory Services. While Sharma isn't classified as a promoter - Indian parlance for controlling shareholder - he has rights akin to one, including a potential permanent seat on the board, IiAS said in a note Friday. "These provisions and structures give Vijay Shekhar Sharma 'entrenchment' similar to that enjoyed by promoter families in…