ESOPs in 2024: Mphasis Limited has approved the distribution of 25,000 stock options and 12,000 restricted stock units (RSUs) to its employees. It came into effect on November 7, 2024.
1 min read11 Nov 2024IPO-bound food-tech giant Swiggy has given employee stock ownership plan (ESOPs) worth $270 million (around ₹2,240 crore). These plans were given to its co-founder and group CEO Sriharsha Majety and other top executives ahead of the listing scheduled for later this year. Other co-founders Nandan Reddy and Phani Kishan, food marketplace CEO Rohit Kapoor, Swiggy Instamart head Amitesh Jha, CFO Rahul Bothra, HR head Girish Menon and CTO Madhusudhan Rao were also awarded extra shares along with Majety as part of the programme, the DRHP filing showed. #swiggy #ipo #esops #sharemarket #zomato #stockmarket #share #stocks
9 Oct 2024Swiggy IPO: Ahead of its highly anticipated IPO, Swiggy has showered its top executives with a massive $271 million worth of stock options. Find out who got what.
2 min read9 Oct 2024Poonawalla Fincorp has granted 3,00,000 stock options to employees under its ESOP 2024. This follows a recent grant of 5,00,000 options at ₹390.60.
1 min read11 Sep 2024Employees holding stock options should benefit from a lower long-term capital gains tax announced in the budget. But they could end up in the crosshairs of another proposal that applies to share buybacks, denying them the advantage of the lower capital gains tax, although not in all instances.
4 min read25 Jul 2024Swiggy has unveiled its fifth Esops liquidity programme worth $65 million, as the food delivery giant prepares for an IPO and navigates a competitive market.
2 min read15 Jul 2024Burman family has warned the board of Care Health Insurance to either restrain its chairperson Rashmi Saluja from cashing out on her stock options or face legal actionCare Health’s parent Religare calls it a malafide attack on Saluja’s reputation, aimed to remove her from Religare and gain control
5 min read27 May 2024Not disclosing foreign assets will result in scrutiny by the IT department under the Black Money Act
5 min read4 Mar 2024Companies are now offering monthly or periodic vesting of ESOPs as a more attractive alternative to the traditional yearly vesting policies to motivate employees to stay for longer periods and contribute to higher output.
3 min read18 Jan 2023Candidates must be aware of the rules regarding the vesting period and exercise rights before deciding if they must accept ESOPs as a part of their salary package. Read below to know more
4 min read20 Dec 2022The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared