Reliance Capital, a part of Anil Ambani-led Reliance Group, has announced an Employee Stock Option (ESOP) Scheme with a notional value of Rs.150 crore to 250 employees across its various group to retain and incentivise key employees for their contribution. . Under the Scheme, eligible employees will get options on RCL listed stock and/or phantom shares of its businesses, the company said on Thursday. The scheme will be applicable to employees of Reliance Capital, Reliance Capital Asset Management, Reliance Commercial Finance, Reliance Life Insurance, Reliance Securities and Reliance General Insurance. The options vest over a period of 5 years, with customary lock-in period. — Special Correspondent
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