After allotment of 1.7 crore equity shares last week, Food Agriculture Swiggi has now allocated more than 8.64 lakh equity shares under its Employees’ Share Options Scheme (ESEOP) 2021. The company said that the Finance and General Management Committee has approved the allocation of shares.
The company said in the information given to the stock market today, ‘SEBI (listing obligation and disclosure requirements) Regulation, 2015, it is informed that the Finance and General Management Committee has its meeting on Wednesday, 26 February 2025. According to the exercise of share options by qualified employees under Swigy ESOP scheme 2021, the allocation of 8,64,417 equity shares of the company has been approved.
After this development, the company’s paid equity share capital has increased from Rs 2,28,17,85,382 to Rs 2,28,49,799. Swiggi said that the company is in the process of completing other formalities for listing of allotted shares. With the shutdown of Swiggi’s stock at Rs 354.3, the value of the new allocated shares will be around Rs 30 crore.
First Published – February 26, 2025 | 11:07 pm IST
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