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.