ixigo Approves New ESOP Scheme With 1.2 Cr Stock Options

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SUMMARY

ixigo parent Le Travenues Technology said that its board also approved granting of options equal to or more than 1% of the issued capital of the company to cofounders Aloke Bajpai and Rajnish Kumar under the new ESOS plan

The vesting period design to ensure that the options will vest only once the company’s valuation achieves significant growth, it said in the filing

In a separate exchange filing on Saturday, ixigo said it approved the grant of 1,56,232 stock options under ESOS schemes 2012, 2016 and 2020

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ixigo Approves New ESOP Scheme With 1.2 Cr Stock Options


SUMMARY

ixigo parent Le Travenues Technology said that its board also approved granting of options equal to or more than 1% of the issued capital of the company to cofounders Aloke Bajpai and Rajnish Kumar under the new ESOS plan

The vesting period design to ensure that the options will vest only once the company’s valuation achieves significant growth, it said in the filing

In a separate exchange filing on Saturday, ixigo said it approved the grant of 1,56,232 stock options under ESOS schemes 2012, 2016 and 2020

Online…



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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