Zomato allots 2.62cr equity shares under Employee Stock Option; Stock gains 2%

The paid-up equity share capital of the company would be increased to overRs787cr.

October 26, 2021 3:00 IST India Infoline News Service

Zomato Limited informed the exchanges that the Nomination and Remuneration Committee of the Board of Directors of the Company, on October 25 approved the allotment of over 2.62cr equity shares having a face value of Re1/- each, as fully paid-up, to identified employees of the Company and its subsidiaries upon exercise of options vested under Zomato Employee Stock Option Plan 2018.

After the allotment, the issued, subscribed, and paid-up equity share capital of the company would be increased from Rs7,84,51,79,676/- to Rs7,87,13,90,076/-

Ata round 3.00pm, Zomato Ltd was trading at Rs135.45 per piece up by Rs2.85 or 2.15% from its previous closing of Rs132.60 per piece on the BSE.

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