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Informative

Zomato allots 47.75 crore shares under multiple ESOP schemes

Update / Judgement Date

03 Dec 2024

Source

YourStory

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceSEBI & SCRA

Zomato allotted 27.37 lakh shares under various ESOPs to reward its employees. These stock options aim to motivate, retain, and align the workforce with the company’s growth objectives. The initiative underscores Zomato's commitment to nurturing a performance-driven culture. Such moves are integral to maintaining competitiveness in the tech-driven food delivery market.