by New Delhi – Zomato, an online food delivery platform, has allotted employee stock options (ESOPs) worth Rs 2.52 crore to its employees. The ESOPs have been allotted to employees across all levels and functions.
The ESOPs have been granted under Zomato’s Employee Stock Option Plan (ESOP) 2016. The ESOPs will vest over a period of four years, with 25% of the options vesting each year. The exercise price of the ESOPs is Rs 1,250 per share.
“We are delighted to grant ESOPs to our employees,” said Deepinder Goyal, CEO and co-founder of Zomato. “This is a way of recognizing the hard work and dedication of our employees, who have played a key role in the company’s growth.”
“The ESOPs will also help to align the interests of our employees with those of the company,” said Goyal. “We believe that this will help to motivate our employees and drive the company’s long-term growth.”
The allotment of ESOPs is a significant move by Zomato as it looks to attract and retain top talent. The ESOPs will give employees a stake in the company’s future and motivate them to work towards its success.
Key takeaways from the story:
- Zomato has allotted ESOPs worth Rs 2.52 crore to its employees.
- The ESOPs have been granted under Zomato’s ESOP 2016.
- The ESOPs will vest over a period of four years.
- The exercise price of the ESOPs is Rs 1,250 per share.
- The ESOPs are a way of recognizing the hard work and dedication of Zomato’s employees.
- The ESOPs will also help to align the interests of Zomato’s employees with those of the company.
Implications of the story:
The allotment of ESOPs is a significant move by Zomato as it looks to attract and retain top talent. The ESOPs will give employees a stake in the company’s future and motivate them to work towards its success.
The ESOPs are also a sign of Zomato’s confidence in its future growth. The company is betting that its employees will be rewarded for their hard work and dedication as the company continues to grow.
