Jupiter Expands ESOP Pool With Additional $5 Mn Stock Options

SUMMARY

Jupiter has expanded its employee stock option plan (ESOP) with the allotment of 21,655 equity shares to its employees worth INR 40.78 Cr ($4.9 Mn)

Each equity share is valued at INR 18,826.29, with INR 10 being the nominal value per share and the rest being the premium value

This comes at a time when a number of startups are increasing their ESOP plans to lure talent to join them

Neobanking soonicorn Jupiter has expanded its employee stock option plan (ESOP) with the allotment of 21,655 equity shares to its employees worth INR 40.78 Cr ($4.9 Mn).

According to Jupiter’s filing with the Registrar of Companies (RoC), the issued shares were allotted to Jupiter Employee Welfare Trust, whose trustee is Jupiter’s founder and CEO Jitendra Gupta. Each equity share is valued at INR 18,826.29, with INR 10 being the nominal value per share and the rest being the premium value.