As part of its ‘Employee Investment Plan’, e-sports gaming platform Mobile Premier League has secured $500,000 from its employees. Announced in December 2020, the Employee Investment Plan was open to all employees of MPL.
As part of the plan, the employees could acquire stock by investing anywhere between $2,300 and $23,000 in the company.
MPL is a gaming app in India based on the number of unity games, special tournaments and formats. “Over 10 percent of MPL employees participated in this plan, with the total amount raised at $500,000,” a statement made by the company said.
Joe Wadakethalakal, SVP, Corporate Development & Investor Relations at MPL, “This initiative was introduced so that our most valuable asset, our employees, get an opportunity to own part of MPL and participate in the company’s success. We are privileged to work with people who have invested in the company’s future. This underlines the trust they have in MPL, and MPL’s faith in its people.”
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