India, July 12 -- Swiggy's board has approved an allotment of 38.8 Lakh equity shares under its employee stock option plan (ESOP).
As per the company's regulatory filing, Swiggy's board approved the allotment of 38,86,049 equity shares under the Swiggy Employees Stock Option Plan 2024 to its eligible employees.
Based on the stock's last close of INR 385.15 per share, the newly allotted equity shares are worth INR 149.67 Cr (around $17.4 Mn).
The shares are being allotted at a face value of INR 1, while the exercise price for the allotted shares also stood at INR 1 per share.
Since the start of this year, the company allotted 2.61 Cr equity shares in January, followed by 1.71 Cr shares and 8.64 Lakh shares in the month of February, as ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.