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Global mobility platform, Ola has announced an expansion of its employee stock options (ESOP) pool to ₹3000 crores and has also allocated an additional ₹400 crores worth of stocks to employees in the run-up to its IPO.
“The allocation rewards Ola’s high impact employees and will lead to long-term wealth creation for them,” Ola said.
Speaking on the announcement, Bhavish Aggarwal, Ola of Founder said, “At Ola, we’re focused on creating the industries of tomorrow with the ambition to build globally competitive, high impact businesses at a global scale. Our expanded ESOP program, along with the fresh stock allocation of ₹400Cr, enables our key talent to participate in the long-term wealth creation opportunities generated by their innovations and the impact they create.”
“It will also reinforce their sense of ownership and align their growth with that of the company as we continue to accelerate the world’s transition to sustainable mobility,” Aggarwal added.