India, March 4 -- Listed logistics service provider Delhivery's board has approved an allotment of 1.48 Lakh equity shares under its existing employee stock option plan (ESOP).

As per the company's regulatory filing on Monday (March 3), the startup said that its board approved the allotment of 1,48,100 equity shares at a face value of INR 1 each to eligible employees upon exercise of vested options under the Delhivery Employees Stock Option Plan 2012 (ESOP-2012), with effect from March 1, 2025.

Shares of Delhivery fell as low as 2.7% to INR 246.60 apiece on the BSE intraday morning trade today (March 4), while its market capitalisation currently stands at INR 18,691.93 Cr ($2.14 Bn).

Based on the stock's previous closing price of INR 2...