Oyo Offers Esops to Staff

Hospitality chain Oyo Hotels & Homes is bulking up employee stock option pools, after initiating salary reductions — mandatory or voluntary — across the board. The Company is offering additional stock options to employees in a bid to retain them following broad pay cuts due to economic upheaval

BY Realty Plus
Published - Friday, 08 May, 2020

Hospitality chain Oyo Hotels & Homes is bulking up employee stock option pools, after initiating salary reductions — mandatory or voluntary — across the board. The Company is offering additional stock options to employees in a bid to retain them following broad pay cuts due to economic upheaval triggered by Covid-19. The Esop pools of companies such as Paytm, Zomato and Oyo range between 2.6% and 5.5% of their overall shareholding, according to data collated by Tracxn.