Mumbai: Asianet News Media and Entertainment has rolled out an employee stock ownership plan (ESOP).

The stock option plan will be extended to Asianet’s long-term employees as well as new team members who have displayed exceptional performance, said the statement.

“ESOPs form a critical part of employee value proposition and we want to reward those going over and above their responsibilities,” said Asianet News chief operating officer Ruchir Khanna. “The policy has already been initiated and the ESOPs have been granted to the employees who have been an important part of Asianet’s growth. This shall remain open to other employees falling in the eligibility criteria in the future as well.”

The group has a multi-media presence across the country in multiple languages via its digital platform, TV channels, print publication and radio channels.

“It is a matter of great privilege and pride that we are able to recognise our team members, who have been a part of our business growth story, as shareholders,” said Asianet News chief business officer Samarth Sharma. “This initiative should provide a fillip to our employees to work towards a common goal. We’d also like to thank our client and agency partners besides our strategic partners for their support in our growth.”