French IT services firm Capgemini , which has 1.2 lakh of its 2 lakh employees in India, is rolling out a new ESOP (employee stock ownership plan) that covers 96% of employees. This is its seventh employee ownership plan and is aligned to development and performance goals. The subscription price of the new shares will be set on November 5 and the entire process will be completed on December 17. Last year, Capgemini rolled out its sixth employee share ownership plan, which was offered to approximately 98% of the employees. The latest pool will comprise a maximum of 30 lakh shares. “Employees who have, as on November 12, 2020, completed 3 months’ tenure with the organisation and will continue to be part of Capgemini for at least one day during November 10-12, 2020 (both days inclusive) are eligible to subscribe for ESOPs,” said Pallavi Tyagi, CHRO for India in Capgemini. The 4% who are excluded from this ESOP programme are in geographies where the scheme cannot be implemented...
Pre IPO | Private Equity | Unlisted Shares