ITC employees will be rewarded with shares over Rs. 19 lakh as stock options

As of 19 December 2022, the company’s total issued and subscriber share capital stand over Rs. 1241 crores.

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ITC, an Indian conglomerate company, announced that they will reward employees with shares worth over Rs. 19 lakh as stock exchange options. 19,88,790 equity shares, which are worth Rs 1 each, will be allotted as employee stock options under the ITC’s employee stock option schemes through an exchange filing. Which will translate to 1 rupee per share.

ITC’s total issued and subscriber share capital stands at Rs. 12,41,23,09,001 as of December 19, 2022. ITC shares closed at Rs 339.00, on Tuesday.

A diverse range of industries, including FMCG, hotels, software, packaging, paperboard, specialty papers, and agro, are part of the ITC brand. 13 enterprises across 5 market areas make up the organisation. The company exports its goods to 90 different nations, and 6 million retail locations sell ITC products.

The company employs over 36 thousand workers across 60 locations in India.

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