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Poonawalla Fincorp grants 22,30,000 stock options under ESOP 2024 Scheme-II

Livemint

Livemint · 1y ago

Poonawalla Fincorp grants 22,30,000 stock options under ESOP 2024 Scheme-II

Poonawalla Fincorp has granted stock options under its Employee Stock Option Plan-2024 Scheme-II. A total of 2,230,000 stock options were granted to eligible employees at exercise prices of Rs. 471.55 and Rs. 438.53. The vesting of these options will follow a predetermined schedule. The company aims to reward and retain talented employees while aligning their interests with those of shareholders. The stock of Poonawalla Fincorp is currently trading at ₹437.20 on the BSE.

Related News

Beauty retailer Nykaa grants 4.05 lakh ESOPs ahead of quarterly results

YourStory

YourStory · 1y ago

Beauty retailer Nykaa grants 4.05 lakh ESOPs ahead of quarterly results

Nykaa, the beauty and wellness ecommerce company, has granted 4.05 lakh stock options to employees under its ESOP scheme. The value of the stock options is around INR 7.13 crore, based on the current trading price of INR 176 per share. The parent company, FSN E-Commerce Ventures, is set to report its Q4 2024 financial results soon. Nykaa had introduced its ESOP scheme in October 2022, following a trend among newly-public unicorns like Zomato to attract and retain talent through employee stock options.

TAC Infosec gets board approval to roll out new ESOP plan

Inshorts · 1y ago

TAC Infosec gets board approval to roll out new ESOP plan

SaaS cybersecurity startup TAC Infosec has secured approval from its board for the formulation, adoption and implementation of a new employee stock option plan (TAC ESOP 2024). However, the startup did not disclose the amount of stock options that will be granted under the scheme.

Beauty ecommerce platform Nykaa allots shares worth Rs 32 lakh

YourStory

YourStory · 4m 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.

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.

Swiggy grants 1.28 Cr options under ESOPs

YourStory

YourStory · 4m ago

Swiggy grants 1.28 Cr options under ESOPs

Swiggy announced the granting of 1.28 crore options under its Employee Stock Option Scheme 2024, valued at Rs 440 crore, marking its first grant since its public debut. ESOPs serve as a tool for employee retention and attraction, allowing employees to partake in company growth. This follows prior ESOP allotments by Swiggy valued at Rs 1,153 crore earlier in the year. Recent ESOP activities by other companies like Nykaa and Honasa Consumer were also highlighted.

Nykaa Allots 1.73 Lakh Equity Shares Under ESOP Plan

Inc42 · 1y ago

Nykaa Allots 1.73 Lakh Equity Shares Under ESOP Plan

Nykaa has recently allotted equity shares following the exercise of vested stock options under ESOP schemes. This move comes after the allocation of over 4.73 lakh equity shares under the same scheme. The company is expecting a robust revenue growth of approximately 22-23% YoY for the first quarter of FY25.

India’s highest-paid bankers are from non-banks. RBI can’t do much about it—yet.

Livemint

Livemint · 1y ago

India’s highest-paid bankers are from non-banks. RBI can’t do much about it—yet.

Indian shadow banks, such as Poonawalla Fincorp and Bajaj Finance, have been able to pay their CEOs hefty salaries, bonuses, and stock options due to their robust business growth. However, the Reserve Bank of India (RBI) is concerned about the rising CEO salaries in non-banking financial companies (NBFCs) and may bring them under its oversight. While NBFCs are opposed to RBI intervention in their pay structures, the central bank aims to regulate compensation policies for key managerial personnel at NBFCs to prevent excessive risk-taking.

Nykaa adds fresh ESOP options ahead of Q4 results

Entrackr

Entrackr · 1y ago

Nykaa adds fresh ESOP options ahead of Q4 results

Online fashion and beauty commerce platform Nykaa on Tuesday announced fresh employee stock option (ESOP) options for its employees under the new ESOP scheme. The nomination and remuneration committee of FSN E-Commerce Ventures Limited (parent of Nykaa) has agreed to grant 4,05,000 stock options to its employees, the disclosure filed with the National Stock Exchange (NSE) shows. Every ESOP option will be converted into equity shares, said filings. According to Fintrackr’s estimates, the newly added ESOP options are worth around Rs 7 crore. The calculation is based on Nykaa’s peak share price of Rs 177 (as of 11.38 AM, May 21, 2024). The objective of expanding the ESOP pool is to promote employee ownership and as well as to attract, retain, and motivate talents in line with corporate growth. While the firm is set to file Q4 FY24 results, its revenue from operations surged 18.7% to Rs 1,788 crore during the third quarter of FY24 from Rs 1,507 crore in Q2 of the same fiscal year. Notably, its gross merchandise value rose to Rs 3,619.4 crore in the third quarter.

Nykaa allots shares worth Rs 10.33 Cr

YourStory

YourStory · 2m ago

Nykaa allots shares worth Rs 10.33 Cr

FSN E-Commerce Ventures, Nykaa's parent company, allotted 5.23 lakh equity shares worth Rs 10.33 crore under its Employee Stock Option Scheme (ESOP). Based on Nykaa’s Rs 197.3 opening share price on the NSE, these shares will rank equally with existing ones. This initiative aligns with Nykaa's strategy of using stock options to reward and retain talent, marking several ESOP allotments throughout the year to foster long-term growth and employee engagement.

Paytm Expands ESOP Pool With Additional 87K Stock Options

Inc42 · 1y ago

Paytm Expands ESOP Pool With Additional 87K Stock Options

Indian fintech major Paytm has allotted 87,373 stock options under the Employee Stock Option Plan (ESOP) 2019. The exercise price per share for stock options under the scheme is set at INR 9, a premium of INR 8. This move comes as the company's president and COO, Bhavesh Gupta, resigns citing personal reasons. Paytm has been facing various challenges recently, including restrictions imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank and multiple top-level executive exits. The company's stock has also seen a significant decline this year.

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