Listed foodtech major Swiggy’s board has approved an allotment of 1.28 Cr equity shares under its employee stock option plan (ESOP).
As per the company’s regulatory filing yesterday, its board approved the allotment of 1,28,96,462 equity shares under the Swiggy Employees Stock Option Plan 2024 to its eligible employees.
The shares are being allotted at a face value of INR 1, while the exercise price for the allotted shares also stood at INR 1 per share.
As per the stock’s closing price yesterday, the newly allotted equity shares are worth INR 443.31 Cr (around $52 Mn).
Swiggy’s stock has been volatile in the morning trade. Shares were marginally up at INR 344.65 apiece on the BSE, as of 09:37 AM, compared to its last close of INR 343.75 per share.
(The story will be updated soon.)
The post appeared first on .
You may also like
Anurag Kashyap row: Director apologises to Brahmin community, ensures he will work on his anger
Joel Miller's death in The Last of Us analysed as fans question if he survived
SC likely to hear next week plea against Nishikant Dubey's remarks against judiciary
Smiling thug poses in jail selfie DAYS after being locked up for brutal attack
'Justice will be done': FBI Director Kash Patel on arrest of terrorist Harpreet Singh in US
