Jindal Stainless Grants Stock Options to Employees - PTI
By Rediff Money Desk, New Delhi Dec 31, 2024 19:50
Jindal Stainless Ltd has granted 12.42 lakh stock options to its employees, including both ESOPs and RSUs, aimed at rewarding performance and attracting top talent. The options will vest over four years and are linked to performance conditions.
New Delhi, Dec 31 (PTI) Jindal Stainless Ltd on Tuesday said it has granted 12,42,736 stock options under its Employee Stock Option scheme.
The move aims at rewarding employees for their commitment and performance and attracting and retaining top talent.
The options comprising an equal mix of Employee Stock Options(ESOPs) and Restricted Stock Units(RSUs) are offered at a discounted price to senior employees.
This is in continuation of the grant of stock options by the company in December 2023.
The stock options will vest over a period of four years, along with linkage to performance conditions, Jindal Stainless said in a statement.
"Initiatives like these empower our employees by enabling wealth creation and instilling a sense of ownership, which drives greater engagement, motivation, and loyalty. This, in turn, creates value for all stakeholders, ensures mutual benefits for company and employees, and builds a formidable organisation in the process," Jindal Stainless Chief Human Resource Officer Sushil Baveja said.
Jindal Stainless, the country's leading stainless-steel manufacturer, had a consolidated annual turnover of Rs 38,562 crore in FY24.
The move aims at rewarding employees for their commitment and performance and attracting and retaining top talent.
The options comprising an equal mix of Employee Stock Options(ESOPs) and Restricted Stock Units(RSUs) are offered at a discounted price to senior employees.
This is in continuation of the grant of stock options by the company in December 2023.
The stock options will vest over a period of four years, along with linkage to performance conditions, Jindal Stainless said in a statement.
"Initiatives like these empower our employees by enabling wealth creation and instilling a sense of ownership, which drives greater engagement, motivation, and loyalty. This, in turn, creates value for all stakeholders, ensures mutual benefits for company and employees, and builds a formidable organisation in the process," Jindal Stainless Chief Human Resource Officer Sushil Baveja said.
Jindal Stainless, the country's leading stainless-steel manufacturer, had a consolidated annual turnover of Rs 38,562 crore in FY24.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.47 (+ 2.05)
- 61048233
- Thinkink Picturez
- 0.45 ( 0.00)
- 22664084
- G G Engineering
- 1.22 ( -3.94)
- 18109205
- Srestha Finvest
- 0.69 ( -1.43)
- 12131937
- Hathway Cable & Data
- 14.75 ( -2.12)
- 11583833
MORE NEWS

J&K Leather Goods Industry: Vast...
Union minister highlights vast potential of J&K's leather goods industry....

Sebi Attaches Accounts of 10 in Eros Case - Rs...
Sebi has ordered the attachment of bank, demat, and mutual fund accounts of 10...

Innovation Crucial for Pharma Industry Growth:...
Piyush Goyal stresses the importance of innovation for the Indian pharmaceutical...