Swiggy Allots 1.28 Cr Shares Under ESOP Scheme

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)

Listed foodtech major Swiggy’s board has approved an allotment of 1.28 Cr equity shares under its employee stock option plan (ESOP).

As per the…