Swiggy Limited has informed the Exchange about the grant of stock options under Swiggy Employees Stock Option Plan 2024
SWIGGY · price
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Swiggy has informed the stock exchange that it has granted stock options to employees under its Employees Stock Option Plan 2024 (ESOP 2024). This is a routine disclosure required when the company issues new stock options to its employees as part of their compensation. The exact number of options granted and the employees covered are not specified in the headline. ESOP grants are a standard way for listed companies to reward and retain talent.
Routine disclosure with no immediate impact on share price. Over time, stock option grants can lead to slight dilution of existing shareholders' equity when the options are eventually exercised.