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Oracle Financial Services Software allots 12,958 equity shares under ESOS
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Laqshya Media Ltd announces ESOPs for its employees
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ITC CMD Sanjiv Puri s pay increases 47% to Rs 11 95 crore in FY21
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Firstsource Solutions has allotted 53,470 Equity shares of Rs. 10/- each bearing distinctive numbers 696,650,777 to 696,704,246 on 7th July 2021 under Employee Stock Option Scheme 2003 of the Company.
Consequent to the said allotment, the paid up capital of the Company has increased to Rs. 6,967,042,460/- consisting of 696,704,246 Equity shares of Rs. 10/- each.
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Ghani Global Holdings Limited a company listed in the ‘’Glass and Ceramics” sector of the Pakistan Stock Exchange (PSX) informed the investors last week that the apex regulator Securities and Exchange Commission of Pakistan (SECP) had approved the Company’s Employee Stock Option Scheme (ESOS). The company said it was allowed to issue shares of Rs10 each representing 15 per cent of its outstanding share capital to its eligible employees under ESOS, 2020, by way of other than right offer.
It raised eyebrows for the concept of ESOS, though fairly normal in the developed world, has forever been avoided by the country’s corporate sector. Discussions with senior officials at several entities revealed that many were not fully familiar with the concept and only a handful could tell the difference between ESOS and the Employees Share Ownership Plan (ESOP).