Highlights

  • Zomato approves allotment of ESOPs to employees
  • ESOPs issued at Re 1 to employees of food tech giant

Latest news

Salman Rushdie stabbed: all we know about lone suspect Hadi Matar

Salman Rushdie stabbed: all we know about lone suspect Hadi Matar

Author Salman Rushdie undergoes surgery, may lose an eye

Author Salman Rushdie undergoes surgery, may lose an eye

Bollywood and cricket connection: Some cricketers who found their love interest in popular movie stars

Bollywood and cricket connection: Some cricketers who found their love interest in popular movie stars

Associated Press reporter describes Salman Rushdie stabbing

Associated Press reporter describes Salman Rushdie stabbing

Salman Rushdie stabbed: 'The Satanic Verses' and why the author lived under threat

Salman Rushdie stabbed: 'The Satanic Verses' and why the author lived under threat

Zomato delivers ESOP bonanza, shares for Rs 1

Zomato board of directors  approved the allotment of 4,65,51 ,600 equity shares to employees upon exercise of vested stock options.

Zomato shares for just 1 rupee! No not a firesale but an ESOP bonanza delivered by the food tech giant. The firm informed exchanges that the board has approved the allotment of 4.66 crore shares from its ESOP (employee stock option plan) pool at an exercise price of one rupee.

Also read/watch| Explained: Why Zomato share prices hit record low

On the basis of market price of Zomato shares on July 27, the total allotment is worth Rs 193 crore. Zomato shares have faced severe sell-off with lock in period of anchor investors ending. The stock is down 20% over 2 days hitting new record lows.

While Zomato had an impressive stock market debut, it has wiped over 45% of the value from its offer price within a year of listing.

Up Next

Zomato delivers ESOP bonanza, shares for Rs 1

Zomato delivers ESOP bonanza, shares for Rs 1

Syrma SGS Technology IPO open, here is what you need to know

Syrma SGS Technology IPO open, here is what you need to know

Top 5 'fat-finger' trades that rocked global markets

Top 5 'fat-finger' trades that rocked global markets

RBI Repo rate hike: Top 10 points that you should know

RBI Repo rate hike: Top 10 points that you should know

Another IPO coming soon from the House of Adani

Another IPO coming soon from the House of Adani

Fed raises rates but Fed Chief Powell's comments power up the markets

Fed raises rates but Fed Chief Powell's comments power up the markets

More videos

5G auction begins today: Jio, Airtel, Adani in the fray

5G auction begins today: Jio, Airtel, Adani in the fray

Explained: Why Zomato share prices hit record low

Explained: Why Zomato share prices hit record low

NSE gets new MD, CEO: Ashishkumar Chauhan's appointment cleared by SEBI

NSE gets new MD, CEO: Ashishkumar Chauhan's appointment cleared by SEBI

Rupee at 80, hits record low Vs Dollar

Rupee at 80, hits record low Vs Dollar

Rupee at 80, set to hit historic low today vs USD

Rupee at 80, set to hit historic low today vs USD

High Rates vs High Prices: What is worse for this market?

High Rates vs High Prices: What is worse for this market?

Rupee at record low: Flexi Capital explains what to expect next

Rupee at record low: Flexi Capital explains what to expect next

Markets at close: Sensex slides, Rupee record low again

Markets at close: Sensex slides, Rupee record low again

Business Briefs: Maruti's Brezza launch to hot news in a cup from Reliance

Business Briefs: Maruti's Brezza launch to hot news in a cup from Reliance

US markets see sharp cuts, bear market loses its bounce

US markets see sharp cuts, bear market loses its bounce

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.