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Eternal grants 64.77 lakh ESOPs worth Rs 168 crore

YourStory

YourStory · 5d ago

Eternal grants 64.77 lakh ESOPs worth Rs 168 crore

Eternal Ltd, previously known as Zomato, has granted 64.77 lakh stock options to employees under the Foodie Bay Employee Stock Option Plan 2014 and Zomato Employee Stock Option Plan 2021, valued at Rs 168.4 crore based on the stock's opening price of Rs 260. These options are exercisable within 10 years from vesting or 12 years from listing, emphasizing Eternal's strategy to use employee stock options as a tool for talent retention and long-term value creation amidst its business expansion.

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Mamaearth parent Honasa Consumer grants ESOPs worth Rs 57 Cr

YourStory

YourStory · 3m 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.

Stashfin grants ESOPs of up to Rs 5 L to employees

YourStory

YourStory · 5m ago

Stashfin grants ESOPs of up to Rs 5 L to employees

Stashfin, a financial services platform, has granted ESOPs to its employees from a Rs 600 crore pool. Employees with five years of service receive Rs 5 lakh worth of ESOPs, while those with three years receive Rs 3 lakh. This initiative aims to reward and retain talent. ESOPs can unlock through events like IPOs or acquisitions. Founded in 2016, Stashfin has raised over Rs 6000 crore from investors like Tencent. The move aligns with a trend among Indian startups.

FIIs net buyers worth Rs 4,022 crore, DIIs net sell shares worth Rs 1,651 crore

Money Control

Money Control · 11m ago

FIIs net buyers worth Rs 4,022 crore, DIIs net sell shares worth Rs 1,651 crore

Foreign institutional investors (FIIs) have purchased shares worth Rs 1.4 lakh crore, while domestic institutional investors (DIIs) have bought shares worth Rs 2.41 lakh crore so far this year. On July 12, DIIs were net sellers of shares worth Rs 1,651 crore, while FIIs were net buyers of shares worth Rs 4,022 crore. The Sensex closed at 80,519.34, up 622.00 points, or 0.78 percent, with the Nifty 50 closing at 24,502.20, up 186.20 points, or 0.77 percent. The IT index saw the biggest gains, while the realty and power indices fell.

Beauty ecommerce platform Nykaa allots shares worth Rs 32 lakh

YourStory

YourStory · 2m ago

Beauty ecommerce platform Nykaa allots shares worth Rs 32 lakh

Nykaa, a beauty e-commerce platform, allotted 17,010 equity shares under its ESOP scheme, marking this year's second allocation. Valued at over Rs 32.3 lakh, these shares ensure equal ranking with existing ones. ESOPs help attract and retain talent while offering income growth as company value rises. Previous allocations in 2024 included over 4.8 lakh shares. Mamaearth-parent Honasa Consumer also recently granted stock options valued at Rs 57 crore under its ESOP-2018 plan.

Investments in sectors under PLI schemes expected to hit Rs 2 lakh cr in coming years

YourStory

YourStory · 9m ago

Investments in sectors under PLI schemes expected to hit Rs 2 lakh cr in coming years

The production linked incentive (PLI) schemes in India's 14 sectors have attracted investments of Rs 1.46 lakh crore, with an expected total capital infusion of Rs 2 lakh crore in the future. The schemes have resulted in production/sales worth Rs 12.50 lakh crore, employment generation of around 9.5 lakh, and exports exceeding Rs 4 lakh crore. Commerce and Industry Minister Piyush Goyal discussed the progress of the schemes with beneficiary companies and emphasized the importance of prioritizing high-quality goods and increasing domestic value addition. CEOs provided suggestions for improving the effectiveness and implementation of the PLI schemes.

Zomato grants 40M ESOPs worth nearly Rs 890 Cr

YourStory

YourStory · 12m ago

Zomato grants 40M ESOPs worth nearly Rs 890 Cr

Foodtech giant Zomato has approved the granting of 40 million Employee Stock Options (ESOPs), worth around Rs 892.19 crore, under its 2014 and 2021 plans. The options will be exercisable within ten years of vesting or twelve years from the date of listing, whichever is later. Zomato had previously announced an ESOP expansion plan and an ESOP pool of 18.26 crore shares worth nearly Rs 4,000 crore. The company also confirmed it has no plans to enter the lending and credit business and is focusing on other segments and partnerships.

UPI transactions jump 36% to Rs 60 lakh crore in June quarter

Economic Times

Economic Times · 11m ago

UPI transactions jump 36% to Rs 60 lakh crore in June quarter

In the first quarter of the current fiscal year, UPI transactions have seen a 36% growth to reach Rs 60 lakh crore, according to Minister of State for Finance Pankaj Chaudhary. Between April and June 2024-25, there were 4,122 crore UPI transactions worth Rs 60 lakh crore. For the entire fiscal year 2023-24, there were 13,113 crore UPI transactions with a value of Rs 200 lakh crore. The facility of cardless cash deposits through UPI has also been extended, subject to certain conditions and limits.

Elevation Partners offloads 21.5 lakh shares in Ixigo parent for Rs 38.3 crore

Economic Times

Economic Times · 1m ago

Elevation Partners offloads 21.5 lakh shares in Ixigo parent for Rs 38.3 crore

Elevation Capital sold 21.5 lakh shares in Ixigo's parent company, Le Travenues Technology, for Rs 38.27 crore at Rs 178 each, retaining a 13% stake. The firm had previously invested Rs 63.1 crore in Ixigo and sold shares worth Rs 100 crore before IPO, and about Rs 181 crore during the IPO's OFS. Ixigo's net profit grew 128% YoY, with operating revenue rising 72% to Rs 284 crore.

Swiggy adds fresh ESOPs worth $52 Mn

Entrackr

Entrackr · 2m ago

Swiggy adds fresh ESOPs worth $52 Mn

Swiggy adds fresh ESOPs worth $52 Mn Food delivery and quick-commerce platform Swiggy Limited on Monday announced fresh employee stock options under its Employee Stock Option Plan 2024 for eligible employees. The Nomination and Remuneration Committee passed a circular resolution to grant 12,896,462 ESOPs (Employee Stock Options) to its employees, according to a disclosure filed by Swiggy with the National Stock Exchange (NSE). As per the filings, each stock option will be converted into an equity share. Based on Swiggy's current market valuation, the newly granted ESOPs are valued at Rs 443.4 crore, or approximately $52 million. The development comes three months after it allotted 2.61 crore shares under various ESOP schemes. The company’s paid-up equity share capital also increased to Rs 2.26 crore from Rs 2.23 crore. Recently, Swiggy invested Rs 1,000 crore in its subsidiary Scootsy Logistics for expansion. Scootsy Logistics contributed 42% of Swiggy’s overall revenue in the previous quarter. Swiggy has yet to file its financial results for the last quarter of the last fiscal year (Q4 FY25). During the Q3 FY25, the company recorded a 31% year-on-year growth to Rs 3,993 crore, compared to Rs 3049 crore in Q3 FY24. In the pursuit of growth, the losses for Swiggy grew 39.2% to Rs 799 crore in the same period. After today's trading session, Swiggy's stock closed at Rs 343.85 per share, bringing its total market capitalization to Rs 78,620 crore (around $9 billion). Amid recent market volatility, the company also hit an all-time low of Rs 306.95 on April 7.

UPI in June: PhonePe, Google Pay see marginal decline, Paytm records flat growth

Entrackr

Entrackr · 11m ago

UPI in June: PhonePe, Google Pay see marginal decline, Paytm records flat growth

Digital payments platforms PhonePe and Google Pay saw a marginal decline in their total volume and value processed through Unified Payments Interface (UPI) in June while the third largest player Paytm recorded a flat growth in the last month. Overall, UPI saw a marginal dip of 1% in total transaction volume to 13.9 billion in June from 14 billion in May. During the period, the transaction value also reduced by a thin margin to Rs 20.07 lakh crore from Rs 20.45 lakh crore. As per data disclosed by NPCI, PhonePe processed 6.7 billion transactions worth Rs 10.09 lakh crore in June while Google Pay and Paytm’s transactions were recorded at 5.1 billion worth Rs 7.07 lakh crore and Rs 1.1 billion worth Rs 1.2 lakh crore respectively. Volume wise, PhonePe had 48.3% market share in UPI in June followed by Google Pay and Paytm with 36.7% and nearly 8% market share. In May, PhonePe processed Rs 10.33 lakh crore whereas Google Pay and Paytm’s value of transactions were recorded at Rs 7.2 lakh crore and Rs 1.24 lakh crore, respectively. In terms of volume, the trio registered 6.8 billion, 5.2 billion and 1.14 billion transactions, respectively. Paytm, which is supported by partnerships with major banks like Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank for UPI, has retained its market share for two consecutive months in the UPI ecosystem despite facing restrictions on onboarding new users. A bunch of new players such as CRED, NAVI, Groww, Slice and recently launched Flipkart UPI are also clocking decent volumes in UPI. According to the NPCI data, CRED has emerged as the fourth largest player in processing UPI payments. Interestingly, it has surpassed Amazon Pay, WhatsApp and BHIM and processed more than one third of Paytm’s value of transactions in the last month. Recently, NPCI chief operating officer (COO) Praveena Rai said that UPI is adding up to 6 million new users every month. NPCI has also set an ambitious target of achieving 1 billion transactions per day in the coming years.

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