India, March 6 -- Kids-focussed omnichannel retailer FirstCry has allotted 9.84 Lakh equity shares to its workforce under various employee stock option plan (ESOP) schemes.

In an exchange filing on Thursday (March 6), the company also announced the transfer of 5.37 Lakh equity shares under Brainbees ESOP 2022 scheme through cash exercise and cashless exercise methods.

For context, a cashless exercise method authorises a trust to sell shares on behalf of its employees to recover the exercise price, tax amount, among others, out of the options exercised by the employees

Of the 9.84 Lakh ESOPs allotted, 5.28 Lakh shares were allotted under ESOP 2011 initiative while the remaining 4.56 Lakh shares were earmarked under Brainbees Employees S...