Zomato, the renowned food delivery platform, announced the grant of nearly 12 million stock options valued at Rs 330.17 crore under its ESOPs in an official filing on October 2, 2024. The options aim to enhance employee motivation and long-term wealth creation.

India’s leading food delivery platforms, has made a significant move in its employee compensation strategy. The company has approved the issuance of nearly 12 million employee stock options (ESOPs), demonstrating its commitment to rewarding and retaining top talent in the fiercely competitive food delivery market.

The total stock options granted amount to Rs 330.17 crore at Zomato’s current share price of Rs 275.2, which surged by 2.38 percent on October 2

Food delivery giant Zomato has significantly boosted its employee stock ownership plans (ESOPs), granting a total of 11,997,768 shares to its workforce. The move comes as Zomato's competitor, Swiggy,

Zomato has approved the issuance of close to 12 million employee stock options (ESOPs) as part of its compensation and incentive program. The move announced in an exchange filing on Wednesday, October 2,

Zomato share price: 12.77 million equity shares are part of company's two ESOPs - Foodie Bay Employee Stock Option Plan 2014 and Zomato Employee Stock Option Plan 2021 (ESOP 2021).

Zomato's stock options granted shall be capable of being exercised within (a) 10 years from the date of vesting of options, or (b) 12 years from the date of listing, whichever is later under ESOP 2014 and ESOP 2021.

Zomato previously approved granting 40.73 million stock options during this year's July and 1.98 million stock options for employees in August