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Types: Most number of resolutions related to 'Board Changes' at 6,138. This was followed by resolutions relating to the auditors, remuneration and financial results.
Sebi does not want founders to own stock options if they have rights akin to those enjoyed by promoters, the sources with direct knowledge of the matter said
The Securities and Exchange Board of India (SEBI) does not want founders to own stock options if they have rights akin to those enjoyed by promoters
The market watchdog noted that the proposed change will help mitigate the mismatch between the listed capital and issued capital of the issuer
Firm that employs 2,000 has 80% of its workforce in India, got $175 mn in funding last year
The new methods include transfer of shares held by promoters to an ETF run by a Sebi-registered MF, exercising options and allotment of shares under ESOP programmes
Indian startup founders on Monday said that to explore a comprehensive digital India, the Union Budget for FY24 must leverage the full inherent potential of the homegrown technology industry
Companies generally deduct the tax payable at the time of allotment of shares by adding the income from ESOPs to employees' income as personal income tax
Even seasoned investors should bet only 5-10% on such securities
This will be the biggest Esop buyback in tech industry. Flipkart owns over 80% stake in PhonePe and is looking to exit the company. Walmart owns 10% in the Bengaluru-based fintech firm
The round will readjust Flipkart's valuation from $37.6 billion to $33 billion and PhonePe will have a separate shareholding structure
According to regulatory filings by Paytm and Zomato, key managerial personnel have been rewarded ESOPs worth crores during the first half of FY23
All businesses, and entities now owned by and consolidated under PhonePe Pvt Ltd-India
It is not just that state-owned company leadership are paid much less than what their smaller competitors are paid but their performance is not linked to rewards
RBL Bank on Monday said its board has approved raising up to Rs 3,000 crore to fund the lender's business growth. The fund raising will be subject to the approval of the shareholders, the bank said in a regulatory filing. Besides, the board has approved issuance of 1.75 crore additional equity stock options exercisable into equivalent number of equity shares fully paid up of Rs 10 each, in addition to residual/remaining options which remain ungranted under ESOP 2018. As per the filing, the bank's board also cleared the appointment of two independent directors -- Gopal Jain, Managing Partner and Founder Gaja Capital, and Sivakumar Gopalan, Faculty of the Department of Computer Science and Engineering, IIT Bombay.
How does RBI's repo rate hike impact you? Are Indian stock markets turning domestic? Is it time to buy or sell or hold rate-sensitive stocks? What are ESOPs? All answers here
Employers looking to attract and retain talent are going beyond offering traditional benefits like allowances, special pay packages etc. One such compensation is ESOPs. Find out what are ESOPs
Projects should be outside office hours and must not clash with the food delivery company's business
Pune-based ESOP Direct provides solutions in equity compensation
Majority say no to the plan; new-age companies have faced similar hurdles