News > Zomato allots 4.66 crore shares to employees at Re 1 apiece amid sell-off
Zomato allots 4.66 crore shares to employees at Re 1 apiece amid sell-off
Dais Newsfeed | 27/07/2022 03:46 PM | Click to read full article
Food delivery company Zomato, which has seen its shares lose 21 percent in value over two days due to sell-off pressure, has allotted 4.66 crore shares from its ESOP (employee stock option plan) pool at an exercise price of one rupee.
In a filing with the exchanges on July 26, the company said that the nomination and remuneration committee of its board of directors has approved the allotment of 4,65,51 ,600 equity shares to employees upon exercise of vested stock options.