RCOM has launched an employee stock option (ESOP) scheme for all 20,000 employees of the company and its subsidiaries.

RCOM has launched an employee stock option (ESOP) scheme for all 20,000 employees of the company and its subsidiaries.

RCOM will offer 17.5 million shares in what is being described as the biggest ESOP scheme by an Indian telecom company till date.

According to RCOM’s closing share price of Rs 543.35 on the Bombay Stock Exchange on March 7, 2008 –? the day of the announcement –? the issue of ESOPs would cost the company about Rs 9.5 billion.