ESOP3 Jul 2026, 05:50 pm
Swiggy Grants 71.7 Lakh Stock Options Under ESOP 2024
AI Summary
Swiggy Ltd announced the grant of 71,72,343 stock options under its Employee Stock Option Plan 2024. The Nomination and Remuneration Committee (NRC) approved the grant to eligible employees. Each option is convertible into one equity share of face value ₹1. The exercise price is ₹1 per option. Options can be exercised after the vesting period and before company liquidation, with specific provisions for cessation of employment. The equity shares allotted upon exercise will not be subject to a lock-in period.
Key Highlights
- Swiggy grants over 7.17 million stock options.
- Options are under the new ESOP Plan 2024.
- Exercise price set at ₹1 per option.
- Vesting period and post-cessation exercise terms apply.
- No lock-in period for shares issued upon exercise.
Price Impact
More from SWIGGY