Balaji Telefilms has offered 14 lakh stock options to its eligible employees accessible within three years of last vesting date. The ESOPs come as a reward for the employees for diligent work during the lockdown and pandemic. Each stock option is convertible into an equivalent number of shares of the face value of Rs. 2 each (exercise price of Rs. 52.01 per option/per share).
The famous content provider in the entertainment industry went public on February 28, 2000. It is one of the largest content production houses in Asia and the Middle East and has produced over 17,000 hours of valuable content with several hit shows to its credit such as Kyu Ki Saas Bhi Kabhi Bahu Thi, Bade Achhe Lagte Hai, Pavitra Rishta, Naagin and many more.
Jeetendra Kapoor, a leading and beloved Bollywood actor of the yesteryears and chairman of Balaji Telefilms says on the website, "Our scale of operations, engaging content and innovative business strategy makes us stand out. With our three-pronged growth strategy covering television, films and digital B2C, we are looking at becoming a diversified content originator and a new-age media distribution company."
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