JSW Steel plans Rs. 420-cr share purchase programme for ESOP

摘要

JSW Steel plans to facilitate share purchase of about Rs. 420 crore from the secondary market as part of a new employees stock option plan (ESOP). The company has chalked out a new voluntary stock option Samruddhi Plan 2019 for its 12,000 staff members. As part of the plan, the company has formed JSW Steel Employees Welfare Trust that will acquire 1,24,97,000 equity shares, representing 0.517 per cent of the issued equity share capital of the company from the secondary market.