{"id":372181,"date":"2020-09-07T08:31:08","date_gmt":"2020-09-07T03:01:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=372181"},"modified":"2020-09-07T08:58:46","modified_gmt":"2020-09-07T03:28:46","slug":"bpcl-to-offer-its-employees-stock-options-at-a-third-of-market-price-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-to-offer-its-employees-stock-options-at-a-third-of-market-price-2\/","title":{"rendered":"BPCL to offer its employees stock options at a third of market price"},"content":{"rendered":"<p>State-owned Bharat Petroleum Corp Ltd (BPCL) has offered its employees stock options at one-third of the market price as the company looks to reward staff ahead of its privatisation. <\/p>\n<p>The board of BPCL on Friday &#8220;approved the proposed Employee Stock Purchase Scheme (ESPS) to the specified employees through the trust mechanism, subject to the approval of the shareholders&#8221;, the company said in a regulatory filing. <\/p>\n<p>While BPCL did not give details, a source with direct knowledge of the development said &#8216;BPCL Trust for Investment in Shares&#8217; holds around 9.33 per cent stake of the company&#8217;s paid-up share capital. <\/p>\n<p>Of this, 2 per cent will be offered to employees at one-third the price of BPCL scrip in the preceding six months, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Bharat Petroleum Corp Ltd (BPCL) has offered its employees stock options at one-third of the market price as the company looks to reward staff ahead of its privatisation. The board of BPCL on Friday &#8220;approved the proposed Employee Stock Purchase Scheme (ESPS) to the specified employees through the trust mechanism, subject to the approval of the shareholders&#8221;, the company said in a regulatory filing. While BPCL did not give details, a source with direct knowledge of the development said &#8216;BPCL Trust for Investment in Shares&#8217; holds around 9.33 per cent stake of the company&#8217;s paid-up share capital. Of this, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-372181","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=372181"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372181\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=372181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=372181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=372181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}