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Zomato gave 4.66 crore shares to employees at the rate of Re 1

Zomato gave 4.66 crore shares to employees at the rate of Re 1

Even though there is a slight recovery in the stock of Zomato now, but on the first two days - Monday and Tuesday, the company's investors have suffered a lot. In just two days, the stock of Zomato had lost more than 20 percent. However, in the meantime, Zomato has also taken such a decision, which is going to benefit the employees a lot. Because of this, the process of Zomato's stock crash may also stop. Actually, Zomato has issued 4.66 crore shares to employees through its ESOP (Employee Stock Option Scheme). These are given to the employees at the rate of Re 1 per share. For employees, this is a 98% discount from the current share level. According to the information given by Zomato, the number of allotted shares is 4,65,51,600.

Let us tell you that the stock of Zomato has gone to the all-time low level of Rs 40.55. Recently this company has completed one year in the stock market. Zomato's IPO was successful as the IPO price was listed on BSE at Rs 115 with a premium of 51 per cent against 76.

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