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Swiggy allots shares worth Rs 30 Cr under ESOP scheme

YourStory

YourStory · 4m 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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Nykaa allots shares worth Rs 10.33 Cr

YourStory

YourStory · 12d 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.

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.

Nykaa allots 90.5K shares under ESOP scheme

Entrackr

Entrackr · 4m ago

Nykaa allots 90.5K shares under ESOP scheme

Nykaa allots 90.5K shares under ESOP scheme Beauty and personal care marketplace Nykaa has allotted 90,500 equity shares under the company's Employee Stock Option (ESOP) Scheme. The allotted ESOPs amount to a total of Rs 1.49 crore, based on the company’s opening price of Rs 165 per share on the NSE on Monday. "The allotted equity shares shall rank pari-passu with the existing equity shares of the company in all respects," Nykaa stated in a regulatory filing. In November 2023, the company allotted 1.80 lakh equity shares under its Employee Stock Option Scheme. Before that, it allotted 3.08 lakh equity shares under ESOP in October 2024, bringing the cumulative allotment for the December quarter to about 4.8 lakh shares. Nykaa's Q3 FY25 revenue from operations grew to Rs 2,267 crore, up from Rs 1,789 crore in Q3 FY24. The beauty segment contributed 90.9% of total revenue at Rs 2,060 crore, while the fashion segment accounted for 8.8% of operating income. Steady business growth helped Nykaa post a 51.7% increase in profit, reaching Rs 26.4 crore in Q3 FY25, compared to Rs 17.4 crore in Q3 FY24. Nykaa acquired a majority stake in Earth Rhythm after initially investing as a minority stakeholder in 2022. This was achieved through a mix of primary and secondary transactions. Additionally, Nykaa raised its stake in its subsidiary Dot & Key to 90% with an investment of Rs 265.3 crore.

RateGain Expands ESOP Pool, Allots Shares Worth INR 4.5 Cr

Inc42 · 1y ago

RateGain Expands ESOP Pool, Allots Shares Worth INR 4.5 Cr

Traveltech startup RateGain has allocated 23,880 equity shares to employees under its ESOP 2015 plan and 36,024 equity shares under the Stock Appreciation Rights Scheme – 2022. The newly-allotted ESOPs are valued at around INR 4.49 crore ($612,000) based on the stock's opening price on Tuesday. RateGain reported a significant increase in its net profit, reaching INR 146.39 crore ($19.9 million) in FY24 from INR 68.40 crore ($9.3 million) in the previous fiscal year.

Swiggy allocates Esops worth Rs 1,171 crore to staff

Economic Times

Economic Times · 5m ago

Swiggy allocates Esops worth Rs 1,171 crore to staff

Swiggy has allotted 2.61 crore shares under its Employee Stock Ownership Plan (ESOP) schemes. This move increased Swiggy's paid-up equity share capital to Rs 2.26 crore. The ESOP allocation, worth Rs 1,171 crore, follows the approval of 2,61,93,411 equity shares for eligible employees under the Swiggy ESOP Plan 2015 and 2021. This initiative mirrors common practices among consumer internet firms, typically providing stock options to employees for incentivization and wealth creation opportunities.

Paytm allots 1,10,357 ESOPs, increasing equity share capital to Rs 636.38 Cr

YourStory

YourStory · 11m ago

Paytm allots 1,10,357 ESOPs, increasing equity share capital to Rs 636.38 Cr

Paytm, the fintech major in India, has allocated 1,10,357 equity shares to eligible employees under its Employee Stock Option Plan (ESOP) 2019. This is the second allotment within a month, following the approval of 281,394 equity shares. The allotments resulted in an increase in Paytm's issued equity share capital from Rs 636,274,090 to Rs 636,384,447. However, the company reported a consolidated loss of Rs 840 crore for the quarter ending June 30, 2024, due to regulatory sanctions on Paytm Payments Bank. Operating revenue also declined by 35.8% year-over-year.

Swiggy grants 1.28 Cr options under ESOPs

YourStory

YourStory · 2m 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 · 11m 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.

PB Fintech Allots Around 27 Lakh Equity Shares Under ESOP Plan

Inc42 · 7m ago

PB Fintech Allots Around 27 Lakh Equity Shares Under ESOP Plan

PB Fintech has announced that it has received approval to issue 27,85,962 equity shares to eligible employees under its 2021 scheme. This brings the company's issued and paid-up share capital to INR 91,77,91,852, consisting of 45,88,95,926 equity shares with a face value of INR 2 each. In September, PB Fintech had already allotted 75,760 equity shares to eligible employees under the same ESOP Plan.

Awfis Allots 6.16 Lakh Equity Shares Under ESOP Plan

Inc42 · 7m ago

Awfis Allots 6.16 Lakh Equity Shares Under ESOP Plan

The startup has allocated 6.16 lakh equity shares to eligible employees under the ESOP 2015 scheme, increasing its paid-up capital to INR 70.82 crores. Additionally, Awfis, a co-working space provider, recorded a consolidated net profit of INR 38.67 crores in the September quarter of FY25.

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