India, April 27 -- Auto marketplace CarTrade's board has approved the allotment of 3.04 Lakh shares under its various employee stock option plan (ESOP) schemes.

". The Board of Directors of the Company. has approved the allotment of 3,04,268 equity shares of face value of INR 10 each to eligible employees pursuant to exercise of vested options under ESOP 2011, ESOP 2014 and ESOP 2015," said the company in a filing with the BSE.

With this, the auto marketplace's paid-up share capital has now increased to INR 47.19 Cr from INR 46.8 Cr previously. While the Mumbai-based startup allotted 2.8 Lakh shares under the ESOP 2011 scheme, it earmarked 20,000 shares under the 2014 scheme. It also set aside an additional 3,500 shares for employees un...