Ahead of IPO, Ola Expands ESOP Pool To INR 3000 Cr
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India, July 28 -- IPO-bound startup Ola announced today its plans to expand its employee stock options (ESOP) pool to INR 3000 Cr. The company is also allocating an additional INR 400 crores worth of stocks to employees in the run up to its IPO. The allocation rewards Ola's high impact employees and will lead to long term wealth creation for them.
"Our expanded ESOP programme, along with the fresh stock allocation of INR 400 Cr, enables our key talent to participate in the long-term wealth creation opportunities generated by their innovations and the impact they create," said Bhavish Aggarwal, founder, Ola, adding that it will also reinforce a sense of ownership among employees and align their growth with that of the company's.
As per t...
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