{"id":372240,"date":"2020-09-07T11:03:16","date_gmt":"2020-09-07T05:33:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=372240"},"modified":"2020-09-07T11:03:16","modified_gmt":"2020-09-07T05:33:16","slug":"bharat-petroleum-corp-to-offer-stock-options-to-employees","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bharat-petroleum-corp-to-offer-stock-options-to-employees\/","title":{"rendered":"Bharat Petroleum Corp to offer stock options to employees"},"content":{"rendered":"<p>NEW DELHI: 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.<br \/>\nThe 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.<br \/>\nWhile 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.<br \/>\nOf this, 2 per cent will be offered to employees at one-third the price of BPCL scrip in the preceding six months, he said.<br \/>\nThere will be no change in government&#8217;s shareholding in the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: 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. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-372240","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372240","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=372240"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372240\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=372240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=372240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=372240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}