Meesho Cofounders Exercise ESOPs Ahead Of IPO

Meesho’s board passed a resolution on March 31 to allot 20,65,211 equity shares at a face value of INR 1 each to Aatrey and 6,59,323 shares to Barnwal

The ecommerce major said that the shares are not new grants but part of the pre-existing ESOP pool

The development comes in the run up to Meesho filing for a $1 Bn IPO

In a strategic move ahead of Meesho’s highly-anticipated initial public offering (IPO), its cofounders Vidit Aatrey and Sanjeev Barnwal have exercised a significant number of employee stock options.

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