logistics

Delhivery Approves Allotment of 6.49 Lakh ESOP Shares

• ByStartupStory     |    July 10, 2024

Delhivery’s stakeholders’ relationship committee has approved the allotment of 6,49,547 equity shares to eligible employees through the Employee Stock Option Scheme (ESOP) on July 8, 2024. According to the company’s filings with stock exchanges, the breakdown of shares allotted is as follows: 3,42,347 shares under its ESOP 2012, 1,87,500 shares under ESOP II 2020, and 1,19,700 shares under ESOP III 2020.

Following this allotment, Delhivery’s paid-up share capital has increased from Rs 73,85,50,000 to Rs 73,91,99,547, with a face value of Re 1 for each share. “The equity shares so allotted shall rank pari-passu with the existing equity shares of the Company in all respects,” the company stated in its exchange filings.

Despite the announcement, Delhivery’s shares were trading down 0.74%, at Rs 391.4 apiece, in late morning trade. Last month, the company had announced the approval for the allotment of 11,06,060 equity shares, also valued at Re 1 each.

In another significant development, Delhivery received approval from the Ministry of Corporate Affairs to incorporate its drone subsidiary last Friday. This move is seen as part of Delhivery’s strategy to enhance its logistics capabilities through innovative technologies.

Meanwhile, Paytm also approved the allotment of 2.8 lakh ESOP shares to employees yesterday, with each share having a face value of Re 1.

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