DRA Homes plans ESOP

City-based real estate player DRA Home has unveiled an employee-retention programme.

Listen to this article

As part of this exercise, it has come up with an Employee Stock Ownership Plan.

The plan will cover every level of its 325-member workforce, said a top official of the company.

Ranjeeth Rathod, Managing Director, said that the company had set aside five per cent of its equity for the ESOP grant that would be vested over a period of three years.

Hinting at the possibility of the company going in for an IPO (initial public offering) eventually, he said that the ESOP shares would be vested among the employees by that time.

For eligibility under ESOP, the employees should have stayed with DRA Home for a year. Rathod claimed that the company had already issued stock ownership to over 100 eligible team members.

 

 

 

 

Latest

Taking measures to enhance resilience from shocks: RBI Guv

“Although India remains exposed to the effects of the...

AI uncertainty keeps Shriram Properties cautious on commercial portfolio

“We don't know what AI is going to do,”...

KICL signs MoU for ship recycling JV in TN

The MoU signed on 30.09.2026, records the understanding between...

Sincerest Of Flattery!

It doesn’t matter to him that his plan would...

Newsletter

Don't miss

Taking measures to enhance resilience from shocks: RBI Guv

“Although India remains exposed to the effects of the...

AI uncertainty keeps Shriram Properties cautious on commercial portfolio

“We don't know what AI is going to do,”...

KICL signs MoU for ship recycling JV in TN

The MoU signed on 30.09.2026, records the understanding between...

Sincerest Of Flattery!

It doesn’t matter to him that his plan would...

Anup Kumar Saha named Kotak Mahindra Bank MD

Saha will begin his three-year contract on 1 January,...

Taking measures to enhance resilience from shocks: RBI Guv

“Although India remains exposed to the effects of the West Asia conflict through higher commodity prices and external sector pressures, our economy is navigating...

AI uncertainty keeps Shriram Properties cautious on commercial portfolio

“We don't know what AI is going to do,” M Murali, Chairman and Managing Director, Shriram Properties, said at a media briefing in Chennai....

KICL signs MoU for ship recycling JV in TN

The MoU signed on 30.09.2026, records the understanding between the parties for exploring the proposed business opportunity and does not, by itself, constitute an...