Interesting one <@U04FCKSEN7L>
# general-qna-forums
Sudhir Suguru
01/11/2023, 3:19 PMInteresting one @Nilesh Godle
Sudhir Suguru
01/11/2023, 3:31 PMHere are my two cents on this.
The ESOP value has been declared "NIL" by the trust/board of directors. This would have been declared during the acquisition based on the liability show cased in the books. This would be one reason.
Secondly, having said that, when it is declared NIL, the associates/employees shouldn't have signed/written off the ESOP options. By doing this, they are left with no choice to proceed legally as the document of write off being signed by the respective employee.
n
Nilesh Godle
01/11/2023, 6:17 PMI am still trying to understand the legal angle to it. Theoretically, declaring ESOP NIL sounds like ESOPs stands at zero value but contrary to which ABG paid 200 cr for the majority stakes. Do employees have a legal ground to sue them?
s
Sudhir Suguru
01/12/2023, 8:13 AMNeed to vet the documentation thoroughly before we come to a conclusion