On the present market value, Zomato’s whole ESOP scheme turns into price Rs 330.17 crore.
Zomato’s inventory choices granted shall be able to being exercised inside (a) 10 years from the date of vesting of choices, or (b) 12 years from the date of itemizing, whichever is later below ESOP 2014 and ESOP 2021.
Meals supply platform Zomato has accredited a complete grant of 12 million inventory choices to the eligible workers, below the Foodie Bay Worker Inventory Possibility Plan 2014 (ESOP 2014) and the Zomato Worker Inventory Possibility Plan 2021 (ESOP 2021).
“We want to inform that Nomination and Remuneration Committee of the Firm by means of round decision at present, on October 2, 2024 has accredited a complete grant of 1,19,97,768 inventory choices below Foodie Bay Worker Inventory Possibility Plan 2014 (ESOP 2014) and Zomato Worker Inventory Possibility Plan 2021 (ESOP 2021) to the eligible workers,” Zomato stated in a BSE submitting on October 2.
Every inventory choice is convertible into one absolutely paid up fairness share having face worth of Rs 1 every, it stated.
“Inventory Choices granted shall be able to being exercised inside (a) 10 years from the date of vesting of choices, or (b) 12 years from the date of itemizing, whichever is later below ESOP 2014 and ESOP 2021,” Zomato said.
Zomato’s shares on Friday jumped 2.38 per cent or Rs 6.40 to shut at Rs 275.2 apiece on the BSE. On the present value, your entire ESOPs scheme turns into price Rs 330.17 crore.
