Swiggy Allots 1.28 Cr Shares Under ESOP Scheme

by · Inc42

SUMMARY

  • Swiggy’s board approved the allotment of 1,28,96,462 equity shares under the Swiggy Employees Stock Option Plan 2024
  • The shares are being allotted at a face value of INR 1, while the exercise price for the allotted shares also stood at INR 1 per share
  • As per the stock’s closing price yesterday, the newly allotted equity shares are worth INR 443.31 Cr (around $52 Mn)