Zomato Parent Eternal Grants ESOPs Worth INR 167 Cr to Employees
This follows a similar grant made in October last year, when the company had issued 64.13 lakh ESOPs under its existing plans.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Eternal, the parent company of food delivery platform Zomato, has granted fresh employee stock options (ESOPs) covering 74.18 lakh equity shares, according to filings with the stock exchanges.
The company’s Nomination and Remuneration Committee approved the allocation of 64.13 lakh stock options to eligible employees under multiple schemes, including the Foodie Bay Employee Stock Option Plan 2014, Zomato Employee Stock Option Plan 2021, and Zomato Employee Stock Option Plan 2024.
This follows a similar grant made in October last year, when the company had issued 64.13 lakh ESOPs under its existing plans.
At the current market price of INR 224.7 per share, the newly granted options are valued at approximately INR 167 crore. Each stock option can be converted into one fully paid-up equity share with a face value of INR 1.
The exercise period varies across schemes. Under ESOP 2014 and ESOP 2021, employees can exercise their options within 10 years from the date of vesting or 12 years from the date of listing, whichever is later. For ESOP 2024, the exercise window extends up to 10 years from the date of vesting.
As per the latest shareholding data, employee trusts collectively hold 54.56 crore ESOP options, representing around 6% of the company’s total equity base.
In its financial performance for the third quarter of FY26, Eternal reported revenue from operations of INR 16,315 crore and a profit of INR 102 crore.
Eternal, the parent company of food delivery platform Zomato, has granted fresh employee stock options (ESOPs) covering 74.18 lakh equity shares, according to filings with the stock exchanges.
The company’s Nomination and Remuneration Committee approved the allocation of 64.13 lakh stock options to eligible employees under multiple schemes, including the Foodie Bay Employee Stock Option Plan 2014, Zomato Employee Stock Option Plan 2021, and Zomato Employee Stock Option Plan 2024.
This follows a similar grant made in October last year, when the company had issued 64.13 lakh ESOPs under its existing plans.
At the current market price of INR 224.7 per share, the newly granted options are valued at approximately INR 167 crore. Each stock option can be converted into one fully paid-up equity share with a face value of INR 1.
The exercise period varies across schemes. Under ESOP 2014 and ESOP 2021, employees can exercise their options within 10 years from the date of vesting or 12 years from the date of listing, whichever is later. For ESOP 2024, the exercise window extends up to 10 years from the date of vesting.
As per the latest shareholding data, employee trusts collectively hold 54.56 crore ESOP options, representing around 6% of the company’s total equity base.
In its financial performance for the third quarter of FY26, Eternal reported revenue from operations of INR 16,315 crore and a profit of INR 102 crore.
