Delhivery Grants Employee Stock Options and Receives Drone Subsidiary Approval

Delhivery feature
Preeti Bali / 8:40 am / July 11, 2024

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