Akshata Sharma
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Zomato has approved ESOPs grants of 40 million stocks under its 2014 and 2021 plans.
According to the opening price of Rs 219 apiece, the grant covers Rs 892.19 crore worth of Zomato stocks.
The company will grant 123 options under the 2014 Foodie Bay Employee Stock Option Plan and 40 million shares under the Zomato Employee Stock Option Plan 2021.
The Deepinder Goyal-led company, at the beginning of July, said it managed to scrape by majority approval for its ESOP expansion plan after nearly a fourth of investors voted against the motion.
Zomato, in its quarterly earnings, had said it will undertake an ESOP pool of 18.26 crore employee stock options-about 2% of its outstanding share capital on a fully diluted basis. At the opening price today, this ESOP of 18.26 crore shares would be worth nearly Rs 4,000 crore.
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