Delhivery, an India-based logistics firm, has allotted equity shares 19,41,454 to its employees under its employee stock option plan. The company made an announcement today through an exchange filing regarding the allotment of shares. This allotment is part of the company’s efforts to provide equity ownership to its employees.
Out of the total allotment, 2,97,554 equity shares are allocated under the Delhivery employee stock option plan 2012 (ESOP 2012), 14,20,600 equity shares under the Delhivery employee stock option plan II 2020 (ESOP II 2020), and 2,23,300 equity shares under the Delhivery employee stock option plan III 2020 (ESOP III 2020). Additionally, the stocks have a face value of Rs 1.
With the addition of these newly allotted shares, the paid-up share capital of Delhivery now stands at Rs. 73,12,01,197. This increase in share capital demonstrates the company’s commitment to incentivise and reward its employees through equity ownership.
As of the time of the announcement, the shares of Delhivery were priced at Rs 353.30. It is worth noting that the share price had experienced a slight decline of 0.35 percent.
Employee stock option plans (ESOPs) offer several benefits for both companies and employees. Additionally, ESOPs are a popular tool for incentivising and rewarding employees, while also promoting a culture of ownership and alignment within the organisation.