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Eternal grants 64.77 lakh ESOPs worth Rs 168 crore

YourStory

YourStory · 26d 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 · 6m 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.

Ixigo grants over 2 lakh ESOPs worth Rs 3.78 Cr

Entrackr

Entrackr · 11d ago

Ixigo grants over 2 lakh ESOPs worth Rs 3.78 Cr

Ixigo grants over 2 lakh ESOPs worth Rs 3.78 Cr Le Travenues Technology Limited, the parent company of travel tech platform Ixigo, has granted 211,912 stock options under its ESOP schemes of ESOS 2013, 2020, 2021, and 2024. The options have been issued at an exercise price of Rs 93 per share and will vest over four years in equal annual tranches. At the current market price of Rs 178.6 per share, the total value of the grant stands at approximately Rs 3.78 crore, implying a per-option value gain of Rs 85.6 for eligible employees. Ixigo reported a 72% growth in scale in the last quarter of FY25, reporting a revenue of Rs 284 crore in Q4 FY25. Meanwhile, its year-on-year (YoY) profits increased by 2.4X to Rs 17 crore during the same period. Recently, Elevation Capital also offloaded 75.48 lakh shares of Ixigo at an average price of Rs 179.25 apiece. At the same time, global investor Schroder Fund made its entry into Ixigo by acquiring 53.68 lakh shares worth Rs 96.8 crore. At the close of trading on Wednesday (July 16), Ixigo’s shares were priced at Rs 179.8, giving the company a market capitalization of Rs 7,017 crore (approximately $820 million).

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

Money Control

Money Control · 1y 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.

Zomato parent Eternal grants stock options worth Rs 26 crore to employees

Economic Times

Economic Times · 7d ago

Zomato parent Eternal grants stock options worth Rs 26 crore to employees

Eternal, the parent company of Zomato, has granted stock options valued at Rs 26.1 crore to its employees. Eligible employees will receive approximately 10.13 lakh shares, with each option convertible into one equity share. These options, as part of the Zomato Employee Stock Option Plan 2021, can be exercised within a specified period. Eternal is also set to announce its financial results for the June quarter, with analysts predicting varied performance in different business sectors.

Govt does not foresee revenue shortfall, aims to achieve deficit target: MoS Finance

Economic Times

Economic Times · 6d ago

Govt does not foresee revenue shortfall, aims to achieve deficit target: MoS Finance

The Central Government does not anticipate any revenue shortfall and aims to meet the fiscal deficit target of 4.4% of GDP, amounting to Rs 15.69 lakh crore for 2025-26, according to Minister of State for Finance Pankaj Chaudhary. The government will support state finances through various grants and schemes, with total resources transferred to states estimated at Rs 25.01 lakh crore. Public sector banks are close to fully staffed, with ongoing recruitment efforts.

Beauty ecommerce platform Nykaa allots shares worth Rs 32 lakh

YourStory

YourStory · 3m 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 · 10m 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 · 1y 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.

Swiggy grants Rs 150 crore worth of stock options to employees

IndianStartupNews

IndianStartupNews · 16d ago

Swiggy grants Rs 150 crore worth of stock options to employees

Swiggy has granted approximately Rs 150 crore worth of employee stock options (ESOPs) under the "Swiggy Employees Stock Option Plan 2024," as approved by its Nomination and Remuneration Committee. These 3,886,049 stock options, each convertible into one equity share, are available to eligible employees in compliance with SEBI regulations. This follows a previous Rs 443 crore grant, totaling nearly Rs 600 crore in employee stock incentives for the year, amid Swiggy's diversification efforts and financial growth.

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