Zomato to allot 12 million shares to employees

Food delivery major Zomato said on Friday approved the grant of 12 million stock options to eligible employees, according to regulatory filings. The company has granted 116 stock options under the Foodie Bay ESOP 2014 scheme and 11.9 million stock options under the Zomato ESOP 2021 scheme.

Shares of Zomato closed at Rs 274.65 apiece on the NSE on Friday, 2% higher than the last session, which means the freshly granted ESOPs are worth nearly Rs 327 crore.