Zaggle Allots 2.29 Lakh Equity Shares Under ESOP Plan

Zaggle has allotted 2.29 lakh equity shares under its Employee Stock Option Scheme (ESOP) 2022. The company’s board approved the allotment of 2,29,134 equity shares with a face value of INR 1 each. The exercise price was set at INR 1 for 1,28,600 shares and INR 164 for 1,00,534 shares. This move is part of Zaggle’s strategy to reward and retain its employees by offering them a stake in the company. The allotment is expected to enhance employee motivation and align their interests with the company’s growth objectives. Additionally, Zaggle announced plans to raise INR 950 crore through securities, indicating its intent to expand and strengthen its financial position. This development highlights the company’s commitment to leveraging equity-based incentives to foster a sense of ownership among employees and drive long-term growth.