Delhivery Expands ESOP Pool, Allots Over 11 Lakh Stock Options

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SUMMARY

The logistics unicorn has allotted 2.85 Lakh equity shares under Delhivery ESOP 2012, 3.49 Lakh equity shares under ESOP II 2020, and over 4.70 Lakh equity shares under ESOP III 2020 scheme

As per the stock’s last closing price, the newly allotted ESOPs are worth nearly INR 43 Cr

Delivery reported a consolidated net loss of INR 69 Cr in the fourth quarter of the financial year 2023-24 as against a net profit of INR 11.7 Cr in the preceding quarter

Listed logistics major Delhivery has expanded its employee stock option plan (ESOP) pool by allocating 11.06 Lakh shares ESOPs.

The logistics unicorn has allotted over 2.85 Lakh equity shares under Delhivery ESOP 2012, over 3.49 Lakh equity shares under ESOP II 2020, and over 4.70 Lakh equity shares under the ESOP III 2020 scheme, it said in an exchange filing.

“We hereby inform that the Stakeholders’ Relationship Committee of Delhivery Limited (‘Company’) on Monday, June 10, 2024 approved the allotment of a total of 11,06,060 equity shares of face value INR 1 each,” the filing said. 

Consequent to the above allotment, the paid-up share capital of Delhivery will rise to INR 73.85 Cr from INR 73.74 Cr earlier.

As per the stock’s last closing price, the newly allotted ESOPs are worth nearly INR 43 Cr.

The development comes nearly a month after Delhivery said it was expanding the pool size of its ESOP 2012 scheme by allotting an additional 75,000 employee stock options.

It is pertinent to note that Delivery reported a consolidated net loss of INR 69 Cr in the fourth quarter (Q4) of the financial year 2023-24 (FY24) as against a net profit of INR 11.7 Cr in the preceding quarter.

Meanwhile, its revenue from operations declined 5% quarter-to-quarter to INR 2,076 Cr in Q4 on account of a decrease in express parcel and cross-border service volumes.

Last month, the Gurugram-based company also announced that it would set up a wholly-owned subsidiary, Delhivery Robotics India, to manufacture drones and provide freight air transportation services.

Of late, a number of listed new-age tech companies have announced allotment of new ESOPs. While Paytm allotted over 87,000 ESOPs last month, Policybazaar parent PB Fintech allocated over 48 Lakh ESOPs earlier this month.

Shares of Delhivery ended Tuesday’s trading session 0.68% lower at INR 387.45 on the BSE.

 





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Delhivery Expands ESOP Pool, Allots Over 11 Lakh Stock Options


SUMMARY

The logistics unicorn has allotted 2.85 Lakh equity shares under Delhivery ESOP 2012, 3.49 Lakh equity shares under ESOP II 2020, and over 4.70 Lakh equity shares under ESOP III 2020 scheme

As per the stock’s last closing price, the newly allotted ESOPs are worth nearly INR 43 Cr

Delivery reported a consolidated net loss of INR 69 Cr in the fourth quarter of the financial year 2023-24 as against a net profit of INR 11.7 Cr in the preceding quarter

Listed logistics major Delhivery has expanded its employee stock option plan (ESOP) pool by allocating 11.06 Lakh shares ESOPs.

The logistics unicorn has allotted over 2.85 Lakh equity shares under Delhivery ESOP 2012, over 3.49 Lakh equity shares under ESOP II 2020, and over 4.70 Lakh equity shares under the ESOP III 2020 scheme, it said in an exchange filing.

“We hereby inform that the Stakeholders’ Relationship Committee of Delhivery Limited (‘Company’) on Monday, June 10, 2024 approved the allotment of a total of 11,06,060 equity shares of face value INR 1 each,” the filing said. 

Consequent to the above allotment, the paid-up share capital of Delhivery will rise to INR 73.85 Cr from INR 73.74 Cr earlier.

As per the stock’s last closing price, the newly allotted ESOPs are worth nearly INR 43 Cr.

The development comes nearly a month after Delhivery said it was expanding the pool size of its ESOP 2012 scheme by allotting an additional 75,000 employee stock options.

It is pertinent to note that Delivery reported a consolidated net loss of INR 69 Cr in the fourth quarter (Q4) of the financial year 2023-24 (FY24) as against a net profit of INR 11.7 Cr in the preceding quarter.

Meanwhile, its revenue from operations declined 5% quarter-to-quarter to INR 2,076 Cr in Q4 on account of a decrease in express parcel and cross-border service volumes.

Last month, the Gurugram-based company also announced that it would set up a wholly-owned subsidiary, Delhivery Robotics India, to manufacture drones and provide freight air transportation services.

Of late, a number of listed new-age tech companies have announced allotment of new ESOPs. While Paytm allotted over 87,000 ESOPs last month, Policybazaar parent PB Fintech allocated over 48 Lakh ESOPs earlier this month.

Shares of Delhivery ended Tuesday’s trading session 0.68% lower at INR 387.45 on the BSE.

 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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