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IPO windfall for RBL Bank staff

Employees likely to net around Rs 1,400 cr from ESOPs

RBL Bank MD & CEO Vishwavir Ahuja
RBL Bank MD & CEO Vishwavir Ahuja

Notonlyprivateequityinvestors,butalsoabout2,500employeesofRBLBank(formerlyRatnakarBank)areexpectedtolaughtheirwaytothebankoncetheprivatesectorlendermakesitsstockmarketdebutattheendofthismonth.Asatalent-attraction-and-retentiontool,RBLBankhadallottedESOPs(employeestockownershipplans)toaroundtwo-thirdsofitsemployees,includingmanyinthelowerrung. Thelender’sRs1,150-croreinitialpublicoffering(IPO),pricedinarangeofRs224toRs225pershare,opensnextweek. ThebankhasissuedESOPsthroughthreedifferent ...