Exclusive: IPO-Bound Ecommerce Giant Snapdeal Increases ESOP Pool By 151%
India, Oct. 13 -- Ecommerce giant Snapdeal has increased its ESOP pool by 151% ahead of its initial public offering.
As per the regulatory filings accessed by Inc42, the company's shareholders have passed a resolution seeking to increase its Employee Stock Option Scheme 2016 from existing 1,98,890 to 5,00,000, by adding 3,01,110 ESOP options exercisable into equity shares of INR 1 each.
The development comes two weeks after Inc42 exclusively reported about Snapdeal increasing its authorised share capital from INR 16.8 Cr to INR 206.08 Cr.
The ecommerce player has also appointed Kaushik Dutta (Director, Thought Arbitrage Research Institute) as an independent director as per the SEBI listing regulations, the filings with the ministry of ...
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