Esops

Swiggy to make 500 employees crorepatis after its IPO: Here's how

On the Bombay Stock Exchange (BSE), the stock opened at Rs 412, registering a 5.64% gain from the issue price. This listing is set to bring significant value through Esops

Swiggy's $271 mn Esop plan benefits top brass before $1.25 bn IPO launch

The Esop grants have a vesting period ranging from one to eight years, meaning that the actual value of the stock awards will depend on Swiggy's performance post-IPO

Capgemini opens Esop plan to 97% employees, including 175k staff in India

This is the eleventh edition of the IT major's employee share ownership plan after the previous one from 2019 is set to expire at the end of the year

Congress seeks ICICI Bank's clarification on Sebi chief's retiral benefits

Congress spokesperson Pawan Khera on Tuesday issued a statement questioning ICICI Bank's explanation over retirement benefits allegedly received by Sebi Chief Madhabi Puri Buch

IPO-bound Reliance Retail grants ESOPs worth Rs 351 crore to top employees

The Mukesh Ambani-owned company is cemented as the largest retailer in India and has 304 million registered customers

Paytm seeks Sebi settlement over potential ESOP issuance norms violation

Regulator had slapped show-cause notice for potential violation of allotment norms

IPO-bound Swiggy announces fifth ESOP liquidity programme worth $65 million

So far, the company has cumulatively enabled over Rs 1,000 crore of ESOP liquidity over the five events, benefiting over 3,200 employees

Crisis-hit Paytm expands ESOP pool with 280k stock options for employees

The development comes amid reports that Paytm may announce up to 20% layoffs in the current financial year amid regulatory setbacks imposed by the RBI

ESOPs by foreign cos to employees of India unit not to attract GST: CBIC

ESOPs given by foreign companies to employees of its Indian subsidiary at prevailing market value will not attract GST, the CBIC has said. However, Employee Stock Option (ESOP)/Employee Stock Purchase Plan (ESPP)/ Restricted Stock Unit (RSU) provided by a foreign company to its India subsidiary employee would come under GST net if an additional amount over and above the cost of securities/shares is charged by the foreign holding company from the domestic arm. This clarification forms part of the 16 circulars issued by the Central Board of Indirect Taxes and Customs (CBIC), following the meeting of the GST Council on June 22. Some Indian companies provide the option to their employees for allotment of securities/shares of their foreign holding company as part of the compensation package as per the terms of the contract of employment. In such cases, on exercising the option by the employees of an Indian subsidiary, the securities of a foreign holding company are allotted directly by

Call on Burman family open offer rests with Sebi: Religare's Saluja

Says cooperating with Sebi, Irdai on allegations of insider trading, ESOP irregularities; Denies any wrongdoing

Tech firm AiDash announces launch of first ESOP buyback programme

Enterprise SaaS firm has more than 300 employees in India

Prosus, Dharana, Vy Capital to buy Urban Company's shares worth Rs 203 cr

Urban Company on Wednesday said Dutch investment firm Prosus as well as Vy Capital and its offshoot Dharana Capital will buy shares worth Rs 203 crore from the employees of the on-demand home service firm. Urban Company has announced its fifth Employee Stock Ownership Plan (ESOP) sale, with a total secondary transaction amount of about Rs 203 crore, which will give the company's current and former employees an opportunity to liquidate their vested stocks. "Dharana Capital (an offshoot of existing investor Vy Capital), along with existing investors Vy Capital and Prosus will be purchasing these shares from employees and former employees," the statement said. Urban Company has granted ESOPs to 1,593 employees and ex-employees. Of these, 784 employees and ex-employees have participated in 5 secondary ESOP sale programmes, liquidating ESOPs worth Rs 306 crore across these 5 programmes. The company has awarded 11 per cent of its current fully diluted cap table as ESOPs, encompassing ...

Zomato seeks approval from shareholders for creation of new ESOP pool

The company said that under the ESOP 2024, it will grant shares of 18.26 crore to the employees of the company

ShareChat raises $49 mn via convertible debentures from existing investors

The new funds will be utilized to bolster the company's robust monetisation plans and propel it on its path to break-even and beyond, said Ankush Sachdeva, CEO and Cofounder, ShareChat and Moj

Paytm parent approves grant of 91,250 stock options for eligible employees

Paytm parent company One97 Communications on Friday announced approval of grant of 91,250 stock options under ESOP 2019. The Nomination and Remuneration Committee of the company's board has also approved allotment of fully paid-up 2,91,388 equity shares having face value of Rs 1 each to eligible employees under ESOP 2008 and 2019, as per a stock exchange filing. It said each stock option (of 91,250 stock under ESOP 2019) is convertible into one fully paid up equity share having face value of Rs 1 each. The exercise price per stock option is Rs 9. The company further said that out of the total equity shares allotted to eligible employees, 2,86,997 equity shares were under One 97 Employees Stock Option Scheme 2019 (ESOP 2019) and 4,391 equity shares under ESOP 2008. These were issued on April 4, 2024, according to the filing. After the allotment, the equity shares capital of the company has increased to over Rs 63.57 crore.

Audio streaming platform Pocket FM completes 1st ESOP buyback worth $8.3 mn

Pocket FM's valuation almost doubled after its latest funding round to about $750 million, up from $390 million when it previously raised $65 million in its Series C round in March 2022

Burmans ask Care Health to cancel Rs 350 cr ESOP given to Religare's Saluja

Dabur owners, the Burman family, has increased their stake in Religare to 25.18%, which allows them to block special resolutions at Religare

SoftBank-backed Meesho to roll out ESOP buyback program worth Rs 200 cr

The SoftBank-backed e-commerce firm Meesho is enabling opportunities for wealth creation for 1,700 past as well as present employees

Promoters can offer shares to staff via stock exchange mechanism: Sebi

In a move aimed at ensuring ease of compliance and lower costs, Sebi on Tuesday said promoters of companies can give shares to their employees under the Offer For Sale (OFS) through the stock exchange mechanism. At present, shares under OFS are offered to the staff outside the stock exchange mechanism. Based on the feedback received from stakeholders, Sebi noted it is observed that the said procedure is time-consuming, and involves additional costs and multiple activities. Against this backdrop, the Securities and Exchange Board of India (Sebi) has decided on a new system that will be in addition to the existing one with respect to OFS for companies' employees. Under the new system, OFS to employees would be on T+1 day along with the retail category under a new category 'Employee'. "In order to enhance efficiency, ease of compliance and reduce cost, based on deliberations in the Secondary Market Advisory Committee of Sebi and discussions with stock exchanges and clearing corporati

Jindal Stainless announces Employee Stock Option Plan for senior officials

Jindal Stainless Ltd (JSL) on Tuesday announced an Employee Stock Option Plan (ESOP) for senior company officials. The primary objective of introducing ESOPs for 150 senior members is to attract, incentivise and retain talent, fostering a shared sense of ownership and aligning the interests of the employees with those of the organisation, the company said in a statement. JSL has granted 15,68,266 stock options, using the instrument of ESOPs and restricted stock Units (RSUs) in an equal mix, to eligible employees under the JSL Employee Stock Option Scheme 2023. The ESOPs will vest over a period of four years, alongside linkage to performance conditions, it said. "The implementation of ESOPs is a testimony of our intent to retain our people and make them true partners in our progress. Besides, it helps align the interests of our senior team with our long-term growth plans," Jindal Stainless Managing Director Abhyuday Jindal said.