Barbeque Nation, a popular restaurant chain known for its unique barbeque style of dining, has allotted 5,071 equity shares to its employees under the Employee Stock Ownership Plan (ESOP) 2015. This allocation, valued at Rs 25,355, was announced in a filing with the stock exchange on Tuesday. The move is aimed at boosting employee morale and providing incentives for their hard work and dedication.
With the allocation of these shares, each worth Rs 5, the issued and paid-up share value for Barbeque Nation now stands at Rs 19,48,92,005, based on a total of 3,89,78,401 shares. This allocation is a testament to the company’s commitment to its employees and its belief in the role they play in driving its success.
Barbeque Nation is one of the most well-known restaurant chains in India, with a strong brand presence and a loyal customer base. By rewarding its employees with equity shares, the company is not only boosting their morale, but also securing its future by investing in the people who make its success possible. With this move, Barbeque Nation is setting an example for other companies in the industry and showing its commitment to creating a sustainable and thriving workplace.