News > Oyo grants discounted ESOPs to make all employees shareholders
Oyo grants discounted ESOPs to make all employees shareholders
LiveMint | 04/07/2020 11:10 AM | Click to read full article
In a letter to employees, hospitality unicorn Oyo said they will be making every employee a shareholder in the company, providing them with 'deeply discounted ESOPs'. The letter stated that the ESOPs are comparable to restricted stock units (or RSUs) and in turn will be helping employees become shareholders in the company, at a deeply discounted price.
The employees also include the OYOpreneurs on 'leave with limited benefits'.