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Paytm grants new ESOPs ahead of quarterly results

EntrackrEntrackr · 2m ago
Paytm grants new ESOPs ahead of quarterly results
Medial

One 97 Communications Ltd, the parent company of Paytm, has announced the grant of 1,04,400 stock options to eligible employees under its existing One 97 Employees Stock Option Scheme 2019 (ESOP 2019). The grant was approved during a meeting of the company’s Nomination and Remuneration Committee held on May 6, 2025. Each stock option is convertible into one fully paid-up equity share of Rs 1 face value, and the exercise price for these options has been set at Rs 9 per share. According to the current market share price, the ESOP granted is worth Rs 8.7 crore. Additionally, the committee acknowledged the voluntary forfeiture, cancellation, and lapse of a total of 6,60,284 stock options, comprising 2,24,685 options cancelled and 4,35,599 options that lapsed under the scheme’s terms. Paytm is set to file its quarterly results for the fourth quarter (Q4FY25) today. It recorded Rs 1,828 crore revenue and Rs 208 crore loss in the third quarter of the previous financial year.

Zomato board approves renaming company to ‘Eternal’

EntrackrEntrackr · 5m ago
Zomato board approves renaming company to ‘Eternal’
Medial

Zomato board approves renaming company to ‘Eternal’ Food tech major Zomato has received board approval to change its legal name from ‘Zomato Ltd’ to ‘Eternal Ltd.’ On February 6th, Zomato’s board approved a resolution to rename the company from ‘Zomato Limited’ to ‘Eternal Limited,’ according to a regulatory filing sourced from the National Stock Exchange. “When we acquired Blinkit, we started using “Eternal” (instead of Zomato) internally to distinguish between the company and the brand/app. We also thought that we would publicly rename the company to Eternal, the day something beyond Zomato became a significant driver of our future. Today, with Blinkit, I feel we are there. We would like to rename Zomato Ltd., the company (not the brand/app), to Eternal Ltd,” said Deepinder Goyal, founder and CEO of Zomato. Goyal added that the company’s corporate website will transition from zomato.com to eternal.com. Additionally, its stock ticker will change from ZOMATO to ETERNAL. As of now, Eternal will comprise four major businesses: Zomato, Blinkit, District, and Hyperpure. The development comes weeks after Zomato’s quarterly results and a couple of months after its $1 billion fundraise via QIP. The Gurugram-based company’s revenue from operations surged 64.4% to Rs 5,405 crore in Q3 FY25, compared to Rs 3,288 crore in Q3 FY24. However, its profit took a hit, slipping 57.2% YoY to Rs 59 crore during the period. Meanwhile, the company re-entered the 10–15 minute food delivery space and invested Rs 500 crore in its quick commerce subsidiary, Blinkit. Zomato also made history as the first new-age Indian tech company to join the Bombay Stock Exchange (BSE) Sensex 30, replacing JSW Steel Limited in India’s benchmark index of the top 30 companies.

Swiggy expands ESOP pool with Rs 150 Cr fresh grant

EntrackrEntrackr · 13d ago
Swiggy expands ESOP pool with Rs 150 Cr fresh grant
Medial

Swiggy expands ESOP pool with Rs 150 Cr fresh grant Food delivery and quick commerce platform Swiggy has rolled out fresh employee stock option (ESOP) grants worth Rs 150 crore ($17.5 million). Swiggy Limited has granted 38.86 lakh stock options under its ESOP 2024 plan, according to filings with the NSE. At the current market price of Rs 385.3 per share, the grant is valued at around Rs 150 crore. As per the disclosure, the stock options have an exercise price of Rs 1 each and convert into one fully paid-up equity share upon vesting. They can be exercised anytime after the vesting period until the company’s liquidation. The development comes a month after, when Swiggy entered the travel concierge and lifestyle management space with a new app called Crew. Entrackr has exclusively reported the development. In April this year, the Bengaluru-based company announced fresh employee stock options under its ESOP plan 2024 for eligible employees worth Rs 443.4 crore (around $52 million). Swiggy’s losses surged 95% year-on-year to Rs 1,081 crore in the fourth quarter of FY25, even as revenue rose 45% to Rs 4,410 crore. For the full fiscal year, the company reported Rs 15,227 crore in revenue. In contrast, rival Zomato remained profitable with Rs 39 crore during the last quarter of the previous fiscal year (Q4FY25), while Zepto narrowed its losses to Rs 1,248 crore in FY24. At the close of trading on Friday (July 11, 2025), Swiggy’s shares were priced at Rs 385.3, and the company had a market capitalization of Rs 96,080 crore (around $11.3 billion).

Ixigo grants over 2 lakh ESOPs worth Rs 3.78 Cr

EntrackrEntrackr · 8d ago
Ixigo grants over 2 lakh ESOPs worth Rs 3.78 Cr
Medial

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).

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