Zomato allots shares worth Rs 200 cr to staff

New Delhi, July 27

Advertisement

Online food delivery platform Zomato has allotted nearly 4.66 crore shares to its employees from its employee stock option plan (ESOP) pool at the face value of Re 1. The Board of Directors approved the allotment of 4,65,51,600 equity shares to employees upon exercise of vested stock options, according to its filing with the stock exchanges. The entire allotment is worth around Rs 200 crore (Zomato’s share price was hovering around Rs 43 on Wednesday).

792 cr shares with employees

• The food delivery platform has allotted nearly 4.66 crore shares to its employees from its employee stock option plan pool at the face value of Re 1
• The company’s total share allotment to the staff stands at 792.02 crore shares

“We wish to inform you that the nomination and remuneration committee of the Board of Directors of the company at its meeting held on July 25, 2022, has approved the allotment of 4,65,51,600 equity shares having a face value of INR 1 each, as fully paid-up, to identified employees of the company and its subsidiaries upon exercise of vested options,” it said.