Swiggy Allots 1.28 Cr Shares Under ESOP Scheme

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SUMMARY

Swiggy’s board approved the allotment of 1,28,96,462 equity shares under the Swiggy Employees Stock Option Plan 2024

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

As per the stock’s closing price yesterday, the newly allotted equity shares are worth INR 443.31 Cr (around $52 Mn)

Listed foodtech major Swiggy’s board has approved an allotment of 1.28 Cr equity shares under its employee stock option plan (ESOP).

As per the…



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Swiggy Allots 1.28 Cr Shares Under ESOP Scheme


SUMMARY

Swiggy’s board approved the allotment of 1,28,96,462 equity shares under the Swiggy Employees Stock Option Plan 2024

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

As per the stock’s closing price yesterday, the newly allotted equity shares are worth INR 443.31 Cr (around $52 Mn)

Listed foodtech major Swiggy’s board has approved an allotment of 1.28 Cr equity shares under its employee stock option plan (ESOP).

As per the…



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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