OFSS & Log 9 Materials announce ESOPs for employees

The ESOP buyback covers 17 Log9 Materials employees of varying experience levels. After allocation, OFSS paid-up capital is Rs. 433,067,855, with 86,613,571 equity shares at Rs 5 each.

On 26 October, 2023, Oracle Financial Services Software (OFSS), a subsidiary of Oracle Corporation specialising in financial and insurance technology, unveiled a significant development regarding the distribution of equity shares to its employees through the employee stock option plan (ESOP). 

During a meeting held on the aforementioned date, the company allocated a total of 10,736 equity shares, each with a nominal value of Rs 5, to eligible employees who had previously exercised their stock options under the OFSS stock plan of 2014.

Source: HR Katha

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