At the current market price, Zomato’s entire ESOP scheme becomes worth Rs 330.17 crore.Zomato’s stock options granted shall be capable of being exercised within (a) 10 years from the date of vesting of options, or (b) 12 years from the date of listing, whichever is later under ESOP 2014 and ESOP 2021.Food delivery platform Zomato has approved a total grant of 12 million stock options to the eligible employees, under the Foodie Bay Employee Stock Option Plan 2014 (ESOP 2014) and the Zomato Employee Stock Option Plan 2021 (ESOP 2021).“We wish to inform that Nomination and Remuneration Committee of the Company by way of circular resolution today, on October 2, 2024 has approved a total grant of 1,19,97,768 stock options under Foodie Bay Employee Stock Option Plan 2014 (ESOP 2014) and Zomato Employee Stock Option Plan 2021 (ESOP 2021) to the eligible employees,” Zomato said in a BSE filing on October 2.Each stock option is convertible into one fully paid up equity share having face value of Rs 1 each, it said.“Stock Options granted shall be capable of being exercised within (a) 10 years from the date of vesting of options, or (b) 12 years from the date of listing, whichever is later under ESOP 2014 and ESOP 2021,” Zomato stated.Zomato’s shares on Friday jumped 2.38 per cent or Rs 6.40 to close at Rs 275.2 apiece on the BSE. At the current price, the entire ESOPs scheme becomes worth Rs 330.17 crore.Mohammad HarisHaris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi…Read More
Zomato Approves Grant of 12 Million ESOPs Worth Rs 330 Crore to Employees – News18
Related Posts
Homeowners hit by Hurricane Helene face the grim task of rebuilding without flood insurance
A week after Hurricane Helene overwhelmed the Southeastern U.S., homeowners hit the hardest are grappling with how they could possibly pay for the flood damage from one of the deadliest…
A new Blue Origin: CEO Dave Limp is bringing urgency and ‘decisiveness’ to Jeff Bezos’ space company
Blue Origin CEO Dave Limp, left, and founder Jeff Bezos look up at a New Glenn rocket on at the company’s LC-36 facility in Florida.Blue OriginDave Limp had only one…