Capgemini launches new ESOP for 97% of employees in India

French IT company Capgemini has announced that most of its 1.7 lakh (170,000) employees in India can now participate in the company's 11th employee share ownership plan (ESOP). Employees who have been with the company for at least three months as of the subscription date are eligible. This applies to both global and India-based employees.

To take part in the ESOP, the minimum investment needed is 100 euros, equivalent to around Rs 9,000. Capgemini stated, "the maximum investment, including the leverage effect, is 25% of the annual compensation." The new ESOP will cover approximately 97% of employees, and the plan will be conducted through a capital increase reserved for Capgemini employees, allowing for up to 27 lakh shares (1.5% of outstanding shares).

Under the plan, employees will invest in euros, and this investment will be locked in for five years. During this period, they can benefit from any increase in Capgemini's share price.


with TOI inputs