OYO has more than 10K employees
The resolution comes after the company’s board approved the new ESOP 2018 plan in July
The total ESOPs offered by OYO stand at 8,893 now
In a bid to motivate its employees, hospitality chain OYO has approved a proposal to add 2,000 stock options to its Employee Stock Ownership Plan (ESOP).
“The approval and consent of company members be and is hereby accorded for increasing the employee stock option pool of the company by adding 2,000 stock options from the present limit of 6,893 stock options of the company, which upon exercise shall become an aggregate of 8,893 shares,” according to a resolution passed by the OYO board on October 3.