Zomato Grants 35.17 Lakh ESOPs Ahead Of Q1 Earnings

Zomato Grants 35.17 Lakh ESOPs Ahead Of Q1 Earnings

SUMMARY

Zomato has granted 15.34 Lakh stock options under Zomato ESOP 2018, 8.75 Lakh options under Zomato ESOP 2021 and another 11.07 Lakh options under Zomato ESOP 2022

As per the stock’s opening price today, the newly-allotted ESOPs would translate to shares worth nearly INR 81.4 Cr

The stock climbed nearly 2% during the intraday trading session today to INR 234 apiece on the BSE

Ahead of its Q1 FY25 earnings, foodtech major Zomato today (August 1) announced allotment of more than 35.17 Lakh employee stock options (ESOPs). 

The board at Zomato has approved the allotment of 35,17,051 equity shares having a face value of INR 1 each, as fully paid-up upon exercise of 19,82,980 vested options to identified employees of the company and its subsidiaries, the company said in an exchange filing.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.