Delhivery approves allotment of 6.49 lakh ESOP shares

Delhivery's stakeholders’ relationship committee has approved the allotment of 6,49,547 equity shares to eligible employees through the Employee Stock Option Scheme (ESOP) on July 8, 2024.

As per the company's filings with stock exchanges, the breakdown of shares allotted is 3,42,347 shares under its ESOP 2012, 1,87,500 shares (ESOP II 2020) and 1,19,700 shares (ESOP III 2020).

Following the allotment, the paid-up share capital of Delhivery has increased from Rs 73,85,50,000 to Rs 73,91,99,547 with a face value of Re 1 for each share.

“The equity shares so allotted shall rank pari-passu with the existing equity shares of the Company in all respects,” the company said in its exchange filings.

Delhivery's shares were down 0.74% trading at Rs 391.4 apiece in late morning trade.

Last month, the company announced the approval for the allotment of 11,06,060 equity shares, valued at Re 1 each. It also got approval from the Ministry of Corporate Affairs to incorporate its drone subsidiary last Friday.

Meanwhile, Paytm also approved the allotment of 2.8 lakh ESOP shares to employees yesterday, with each share having a face value of Re 1.