Never miss a great news story! Get instant notifications from Economic Times Allow Not now. Reliance Group shares plunge. Infosys to consider share buyback plan; shares jump.
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Choose your reason below and click on the Report button. This will alert our moderators to take action. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. NIFTY 50 10, Drag according to your convenience. Infosys , which recently granted stock units to employees after a gap of 13 years, said it will give these units every year for the next years so that employees feel a sense of involvement in the growth of the company.
A vested stock can be sold by the employee. The stocks are being given at par value Rs 5. This means the value of the total shares being granted to each employee varies between Rs 2. What the employee actually gets will depend on the share value on the day she sells it.
It's not a one off grant. We want to do it every year and at this point, we are looking at giving units to employees over the next years.
Most equity plans work on a continuous basis and that's when it kicks in huge benefits for the employees," Infosys group HR head Krishnamurthy Shankar told TOI. Read more on toi. How to calculate gratuity. The unhappy secret of HDFC's balance sheet.
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