Ola rewards employees with Rs 400-cr stocks, expands ESOP pool to Rs 3k cr

The initiative by the SoftBank-backed mobility firm is aimed at long term meaningful wealth creation in the run up to IPO.

SoftBank-backed mobility firm Ola, announced expansion of its employee stock options (ESOP) pool to Rs 3000 crore. Ola is also allocating an additional Rs 400 crore 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.

 “At Ola, we’re focused on creating the industries of tomorrow with the ambition to build globally competitive, high impact businesses at global scale,” said Bhavish Aggarwal, Ola’s Founder. “Our expanded ESOP programme, along with the fresh stock allocation of Rs 400 crore, enables our key