Employee Stock Options Plan (ESOP) Muthoot Finance: The plan will grant employee stock options to employees through one or more employee stock options schemes. A press release of the company said that the Options convertible in to such number of equity shares not exceeding 3% of the paid up capital at any point of time.
Each option (after it is vested) will be exercisable for one Equity share of Rs 10 each fully paid up. Options can be exercised within a period of eight years from the date of granting.
Muthoot Finance has 24,846 employees on its pay roll as of now.
The Company is listed on both National Stock Exchange and Bombay Stock Exchange.