MUMBAI: The market regulator, the Securities and Exchange Board of India, has proposed some changes in the rules around employee stock options plans to help IPO-bound companies’ founders in exercising their Esops options, even if they have to be classified as promoters before the company goes public. In a consultation paper released Thursday, SEBI has proposed that a person, who …
Recruiting skilled workers remains one of the burdens of a startup due to fund limitations in the initial phase of business. Restricted Stock Units And Employee Stock Option Plans An ESOP is a form of employee-benefit plan that is designed to provide a company’s workforce with an ownership interest in it. In July 2024, Swiggy announced its fifth ESOP liquidity …
Mumbai: The Burman family has warned of legal action against the board of Care Health Insurance, if it does not prevent its chairperson Rashmi Saluja from cashing out her employee stock options. Saluja is non-executive chairperson of Care Health, and executive chairperson of its parent Religare Enterprises Ltd. After initially welcoming the Burmans’ open offer, the Religare board rejected it, …
The battle for Religare Enterprises Ltd has taken a new turn, with the market regulator seeking the views of its insurance counterpart on REL’s insurance unit issuing hefty stock options to Rashmi Saluja, who chairs both companies. According to InGovern Research, a proxy advisor, Saluja’s overall compensation may be close to ₹700 crore, including employee stock options of Religare and …
MUMBAI : The insurance regulator has asked top executives of Care Health Insurance Ltd to explain the issue of stock options to non-executive chairperson Rashmi Saluja despite being told not to do so, two people aware of the matter said. View Full Image Sarvesh Kumar/Mint “Irdai is very concerned about 22.7 million employee stock options approved by the Dr. Saluja-led …
