Mahindra & Mahindra To Roll Out Rs 400-500 Crore ESOPs

Mahindra & Mahindra (M&M) has announced a one-time Employee Stock Ownership Plan (ESOP) covering about 23,000 employees. The initiative spans three major subsidiaries of the group — Mahindra & Mahindra (encompassing the auto and farm sectors), Mahindra Electric Automobile Ltd (MEAL), and Mahindra Last Mile Mobility.

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