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Delhivery approves grant of 4.9 lakh ESOP shares

YourStory

YourStory · 8m ago

Delhivery approves grant of 4.9 lakh ESOP shares

Delhivery has approved the issuance of 4,90,000 stock options to eligible employees under its Employees Stock Option Plan 2012. The options will be allotted in three phases over a period of 36 months. Each stock option can be converted into one equity share. Delhivery's shares have declined by more than 21% since September but were trading up 1.05% at Rs 347.35. In Q2, the company reported a decrease in profit compared to the previous quarter but a 12.7% YoY growth in revenue.

Related News

Delhivery Expands ESOP Pool With 73,300 Stock Options

Inc42 · 9m ago

Delhivery Expands ESOP Pool With 73,300 Stock Options

Delhivery, a logistics company, has received approval from its board to grant 73,300 equity shares. Each stock option is convertible into one fully paid-up equity share with a face value of INR 1 each. The stock options will be vested 10% upon the completion of 12 months from the date of grant. Delhivery had recently allotted 8.6 lakh equity shares under its Employee Stock Ownership Plan (ESOP).

Delhivery allots 11.79 lakh shares under its ESOP schemes

YourStory

YourStory · 5m ago

Delhivery allots 11.79 lakh shares under its ESOP schemes

Logistics startup Delhivery has allocated 11.79 lakh equity shares under its Employee Stock Option Plan (ESOP) schemes, increasing its paid-up share capital to Rs 74.55 crore. The shares are divided among three ESOP schemes and have varying exercise prices. In January, Delhivery introduced Rapid Commerce, offering sub-two-hour delivery in Bengaluru, initially processing over 300 orders daily. The company also reported a significant profit increase, reaching Rs 25 crore in Q3 FY25, up 114% year-on-year.

Delhivery Expands ESOP Pool, Allots Over 11 Lakh Stock Options

Inc42 · 1y ago

Delhivery Expands ESOP Pool, Allots Over 11 Lakh Stock Options

Delhivery, a logistics unicorn, has allocated a total of over 10 lakh equity shares under its Employee Stock Ownership Plan (ESOP). The newly allotted ESOPs are valued at approximately INR 43 crore. In its financial results, Delhivery reported a consolidated net loss of INR 69 crore for the fourth quarter of the 2023-24 financial year, compared to a net profit of INR 11.7 crore in the previous quarter.

Zomato Allots 38.72 Lakh Equity Shares Under ESOP Plans

Inc42 · 11m ago

Zomato Allots 38.72 Lakh Equity Shares Under ESOP Plans

Zomato's board has approved the allotment of 38.72 lakh fully paid-up equity shares with a face value of INR 1 each. These shares were allotted upon exercise of 15.48 lakh vested options. The allotment includes shares under Zomato ESOP 2018, ESOP 2022, and ESOP 2021. As a result, the subscribed and paid-up equity share capital of Zomato has increased to INR 883.43 crore.

Paytm parent One97 Communication approves grant of 91,250 stock options

Economic Times

Economic Times · 1y ago

Paytm parent One97 Communication approves grant of 91,250 stock options

Paytm's parent company, One97 Communications, has approved the granting of 91,250 stock options under its ESOP 2019 program. Additionally, the company's board has approved the allocation of 2,91,388 equity shares to eligible employees under both ESOP 2008 and ESOP 2019. The exercise price per stock option is set at Rs 9. As a result of these actions, the company's equity shares capital has increased to over Rs 63.57 crore.

Paytm approves allotment of 2.8 lakh ESOP shares to employees

YourStory

YourStory · 1y ago

Paytm approves allotment of 2.8 lakh ESOP shares to employees

Paytm's parent company, One97 Communications, has approved the allotment of 2,81,394 equity shares to eligible employees through its Employee Stock Option Scheme (ESOP). The total issued capital of Paytm has increased, and the exercise price per share was set at Rs 9. Shares of One97 Communications saw an increase of almost 8.5% following the announcement. This comes after Zomato received majority approval for its ESOP expansion plan, and their quarterly earnings statement revealed plans for an ESOP pool of 18.26 crore employee stock options. Zomato is also reportedly in talks to acquire Paytm's events and ticketing business.

Mamaearth parent Honasa Consumer grants ESOPs worth Rs 57 Cr

YourStory

YourStory · 4m ago

Mamaearth parent Honasa Consumer grants ESOPs worth Rs 57 Cr

Honasa Consumer, the parent of Mamaearth, granted 24.16 lakh stock options worth Rs 57 crore under its ESOP-2018. The options vest over five years based on tenure and performance. In Q3 FY25, Honasa's revenue grew 5.9% YoY to Rs 517.5 crore, while net profit remained flat at Rs 26 crore. Separately, Zomato (now Eternal) and Delhivery also made significant ESOP grants, signifying a trend in rewarding employees amidst operational growth.

Nexus Ventures Partners sells 1.06% stake in Delhivery for Rs 344 Cr

YourStory

YourStory · 11m ago

Nexus Ventures Partners sells 1.06% stake in Delhivery for Rs 344 Cr

Venture capital firm Nexus Ventures Partners has sold 1.06% stake in Delhivery, an Indian integrated third-party logistics service provider, for over Rs 344 crore. The sale was conducted through a bulk deal on the National Stock Exchange (NSE), with Nexus Ventures III selling over 78 lakh shares at an average price of Rs 440 apiece. The buyers of the shares have not been disclosed. Prior to the sale, Nexus Ventures III held a 7% stake in Delhivery. Following the transaction, shares of Delhivery settled 1.94% lower at Rs 429.70 on the NSE.

Honasa Consumer grants ESOPs worth Rs 1.6 Cr

YourStory

YourStory · 1m ago

Honasa Consumer grants ESOPs worth Rs 1.6 Cr

Honasa Consumer, the parent company of Mamaearth, has approved the grant of 53,322 stock options, valued at Rs 1.6 crore based on current trading prices, to eligible employees under its 2018 ESOP plan. Each option is convertible into an equity share at Rs 10 per share. The company also appointed Yatish Bhargava as the new Chief Business Officer to enhance sales and growth. This move follows an earlier grant of 24.16 lakh stock options in April.

Swiggy allots shares worth Rs 30 Cr under ESOP scheme

YourStory

YourStory · 5m ago

Swiggy allots shares worth Rs 30 Cr under ESOP scheme

Swiggy announced the allotment of 8.64 lakh equity shares under the Swiggy ESOP Plan 2021, totaling over Rs 30 crore based on the stock's NSE closing price of Rs 355. This follows a recent allotment of 1.71 crore shares under its ESOP 2015 and ESOP 2021 programs. Including a previous allotment in January, Swiggy has issued 5 crore shares this year. This move aligns with similar strategies by companies like Nykaa and Paytm.

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