On July 8, 2024, Delhivery’s stakeholders’ relationship committee approved the distribution of 649,547 equity shares to eligible employees under the Employee Stock Option Scheme (ESOP). The allotment breakdown includes 342,347 shares from ESOP 2012, 187,500 shares from ESOP II 2020, and 119,700 shares from ESOP III 2020, as per the company’s stock exchange filings.
This grant increases Delhivery’s paid-up share capital from Rs 73,85.5 crore to Rs 73,91.99 crore, with a face value of Re 1 per share. The company emphasized in its filings that “the allotted equity shares will have the same rights and privileges as the existing equity shares of the Company.”
Delhivery Share Price Unfazed by ESOP Grant
Despite the announcement, Delhivery’s stock price experienced a slight decline, trading down 0.74% at Rs 391.4 per share in late morning deals. This news follows the company’s approval for the allotment of 1,106,060 equity shares, also valued at Re 1 each, last month.
Delhivery Receives Green Light for Drone Subsidiary
In another noteworthy development, Delhivery secured approval from the Ministry of Corporate Affairs to incorporate its drone subsidiary last Friday. This move aligns with Delhivery’s strategy to leverage cutting-edge technologies to strengthen its logistics network.
Paytm Follows Suit with ESOP Grant
In the mean time, Paytm likewise dispersed 2.8 lakh ESOP offers to its workers yesterday, with each offer having a presumptive worth of Re 1.
More Stories
TimBuckDo Secures Funding to Empower Student Gig Workforce
July 11, 2024
Funding
Myelin Foundry Secures $4 Million to Bolster Edge AI Solutions and Global Expansion
May 9, 2024
Funding
Shaitaan Concludes Four-Week Box Office Run with Strong Performance
April 5, 2024
Entertainment
Dharana Capital Acquires Significant Stake in Urban Company
July 18, 2024
Business
Optimo Loan Secures $10 Million Seed Funding to Empower Rural MSMEs in India
March 21, 2024
Funding
Chiratae Ventures Makes Strategic Portfolio Exits to Madison India Capital
April 23, 2024
Business
Reliance Jio Announces Mobile Service Price Increase, Emphasizes Investment in 5G
July 1, 2024
Business
Turno Secures $5.5 Million in Funding to Rev Up Commercial EV Distribution
May 28, 2024
Funding
Chandu Champion Scores Big at the Box Office and with Critics
June 18, 2024
Entertainment
Wow Skin Science’s Parent Company Makes a Splash in Cosmetics with Color Cupid
July 9, 2024
Business
Razorpay achieves TPV of $150B, launches payment gateway 3.0
March 1, 2024
Funding
The Lata Deenanath Mangeshkar Award is given to Amitabh Bachchan in 2024
April 25, 2024
Entertainment
Home Decor Startup Vaaree Secures Fresh Funding
May 27, 2024
Funding
E-commerce AI Startup Helium Secures Pre-Seed Funding
July 10, 2024
Funding
Hunch Secures $23 Million in Series A Funding for Global Expansion
March 8, 2024
Funding
Curefoods Cooks Up More Funding for Offline Expansion
March 19, 2024
Funding
Freshleaf Brews Up Success with Seed Funding Round
May 24, 2024
Funding
IIMA Ventures Supports 14 Indore Startups in Smart City Accelerator Program
April 22, 2024
Startups
India Edges Past Pakistan in a Tense Encounter at the T20 World Cup
June 10, 2024
Entertainment
B2B Marketplace Jumbotail Secures Funding to Empower Kirana Stores
March 19, 2024
Funding