MUMBAI : JSW Group on Monday joined a handful of Indian companies that offer stock options to blue-collar as well as white-collar workers. Manufacturing firms typically offer employee stock options (Esops) to their mid- and senior-level employees, leaving out blue-collar workers from the benefit. Listed entities, such as JSW Energy and JSW Steel, have rolled out Esops for 16,000 employees, offering over 16 million shares, the company said. “We have the approval to go ahead with the plans for 1.30 crore shares in JSW Steel and 32 lakh shares in JSW Energy. This corresponds to 0.54% of our paid-up equity in JSW Steel and 0.20% of our paid-up equity in JSW Energy," added Pattanayak.

Source: Mint August 09, 2021 17:15 UTC