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OYO adds 2000 ESOPs, not stock options, for its employees

Esop on Keyboard<br />Please feel free to use this image that I've created on your website or blog. If you do, I'd greatly appreciate a link back to my blog as the source: CreditDebitPro.com</br> Example: <b>Photo by</b> <a href='http://www.creditdebitpro.com'>CreditDebitPro</a><br /> <br /> Thanks!<br /> Mike Lawrence

By Nikhil Cariappa The board of OYO Hotels & Homes has approved a plan to add 2000 employee stock ownership plan (ESOPs) to its existing pool, not shares or stock options, OYO clarified to MediaNama. An Economic Times report stated that the company had added shares, which OYO said was inaccurate. The ET report states that the ESOP pool is now at 8893 with the current addition of 2000 ESOPs. OYO told MediaNama, “These are stock options and not shares, and only convert to shares post employees realise/ exercise the options…. All our efforts are directed towards doing what is relevant for OYOpreneurs and our ESOP plan is one such example. We introduced the plan in July 2018 and keeping in mind our growth trajectory, have strengthened the existing ESOP pool by adding 2,000 stock options to it…” OYO has…

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