Delhivery has awarded 11.21 lakh stock options to employees under three ESOP plans. The company’s board approved the grant, allowing employees to convert options into equity shares worth ₹1 each. This was disclosed in an exchange filing on November 8.
Equity shares so allotted shall rank pari-passu – company
The company has issued 1,87,641 shares under ESOP 2012, 7,56,000 shares under ESOP II 2020, and 1,77,900 shares under ESOP III 2020. According to the filing, “The equity shares so allotted shall rank pari-passu (ranking equally and without preference) with the existing equity shares of the Company in all respects.”
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Additionally, this issuance will raise Delhivery’s paid-up capital from INR 74.09 Cr to INR 74.20 Cr. Based on Friday’s closing price, the new stock’s total value is INR 38.8 Cr. Delhivery shares closed at INR 346.50 in the last trading session on Friday.
Delhivery allots 73,300 stock options in November
Established by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati in 2011, Delhivery is a transportation, supply chain, and logistics company. It competes with Xpressbees, Blue Dart, Flipkart’s Ekart Logistics, and Amazon Shipping.
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Earlier in November, Delhivery allotted 73,300 stock options under its ESOP 2012. Last month, the company issued 8.6 lakh equity shares under its ESOP, following approval for the allotment of 6.15 lakh equity shares under ESOP 2012 and ESOP 2020 in September.
Meanwhile, the company announced plans to launch a network of multi-tenant dark stores for “rapid in-city delivery” for e-commerce companies.
