News Post
Inc42
| 12dCarTrade Expands ESOP Pool With 3.04 Lakh Stock Options
Indian auto marketplace CarTrade has approved the allotment of 304,268 equity shares under its employee stock option plan (ESOP) schemes. The move has increased the company's share capital to INR 47.19 crore ($6.3 million) from INR 46.8 crore previously. The marketplace set the exercise price per share for options under the ESOP 2015 scheme at INR 472. CarTrade, founded in 2009, operates an auto marketplace that sells products across all vehicle types and value-added services. In Q3 FY24, the company reported a net loss of INR 23.5 crore, compared to a profit of INR 14.04 crore in the year-ago quarter.
No Comments yet
More Like this
/cloudfront-us-east-2.images.arcpublishing.com/reuters/CIBW7XDCQ5ITVK6TPPPYMQO5CQ.jpg)
Download the medial app to read full posts, comements and news.