India, March 5 -- Private market intelligence platform Tracxn has allotted 1.34 Lakh stock options to eligible employees under 'TRACXN Employee Stock Option Plan 2016'.

In an exchange filing, the company said that each ESOP is convertible into one fully paid-up equity share and will have an exercise price of INR 1 each. The options can be exercised within a period of five years from the date of their vesting.

This is the second ESOP plan expansion by Tracxn in a month. Earlier on February 10, the company granted 43,902 stock options under ESOP 2016 plan.

The development comes at a time when shares of Tracxn have taken a hit amid bearish sentiment in the Indian equities market. After touching an all-time low at INR 50.57 on Monday (Marc...