Nykaa allotted the equity shares pursuant to the exercise of vested stock options under ESOP schemes The development comes nearly a month after Nykaa allocated more than 4.73 Lakh equity shares under the ESOP scheme Nykaa has projected a strong revenue growth of around 22-23% year-on-year for the first quarter of FY25 Beauty and fashion ecommerce major Nykaa has allotted 1.73 Lakh equity shares to its employees under its employee stock option plan ( ESOP ) schemes.
“We wish to inform you that the Nomination and Remuneration Committee of FSN E-Commerce Ventures Limited (‘Company’) on July 15, 2024 has allotted 173,800 equity shares,” Nykaa said in an exchange filing. The company said that the equity shares were allotted pursuant to the exercise of vested stock options under ESOP schemes. As per the stock’s last closing, the newly-allotted shares have a cumulative value of INR 3.
13 Cr. The development comes nearly a month after Nykaa allocated more than 4.73 Lakh equity shares under the ESOP scheme.
Prior to that, it granted 4.05 Lakh stock options under its ESOP scheme in May this year. According to Inc42’s Indian Startup Founder Survey 2023, about 55% of founders are banking on ESOPs to attract the Indian workforce back to the startup ecosystem in 2024.
This strategy has led many companies to allocate stock options to their employees. For instance, logistics unicorn Delhivery announced the allotment of 75,000 stock options under its ESOP 2012 just last week. A num.
