May 30, 2023: Real estate developer Labdhi Lifestyle has recently announced the launch of their employee stock ownership plans (ESOPs). To ensure end-to-end equity management solutions, the company has signed up with equity management solutions firm Carta.
“Formulation of the ESOP strategy is core to the company’s ethos of creating value across all key stakeholders. Labdhi Lifestyle has a tech start-up like culture that provides employees an open environment that is conducive to taking on responsibility to have a lasting impact and an opportunity to create value for employees across the spectrum,” it said in a statement.
The ESOP programme will give Labdhi Lifestyle’s employees an opportunity to partake in the company’s growth plan while providing them with a sense of ownership, engagement and inclusivity, it added.
The roll out of the ESOP programme will be completed in the next two quarters.
“The ESOP programme is a major milestone in our journey to ensure employee motivation, retention and loyalty. We value our employees and believe that this initiative will allow them to become further invested in the company’s culture, growth, and success,” Labdhi Lifestyle CEO Vikas Jain said.
Recently, Labdhi Lifestyle acquired a mixed-use project at the Bandra-Kurla Complex with a development potential of over 200,000 square foot.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
