As per the stock’s opening price on Friday (June 14), the newly allotted shares are worth more than INR 9.72 Cr This is the second increment in the Falguni Nayar-led new-age beauty and fashion retailer’s stock pool size in less than a month Nykaa is the latest in the string of new-age tech companies that are leaning on ESOPs to rebuild their employee brand after mass layoffs at big internet firms made job seekers increasingly reluctant to join startups Beauty and fashion ecommerce major Nykaa has expanded the pool size of its employee stock option plan (ESOP) by allocating more than 4.73 Lakh equity shares to its employees.
“We wish to inform you that the Nomination and Remuneration Committee of FSN E-Commerce Ventures Limited (‘Company’) on June 14, 2024 has allotted 4,73,138 Equity Shares of face value Re.1/- each towards the exercise of vested Employee Stock Options under Employee Stock Option Scheme of the Company,” the company said in a stock exchange filing. As per the stock’s opening price on Friday (June 14), the newly allotted shares are worth more than INR 9.
72 Cr. This is the second increment in the Falguni Nayar-led new-age beauty and fashion retailer’s stock pool size in less than a month. On May 20, Nykaa announced it had granted 4.
05 Lakh stock options under its ESOP scheme, which came nearly two years after the company’s last major stock option grant. Under Nykaa’s ESOP 2022 scheme , it granted 16 Lakh shares to its employees and 4 Lakh uni.
