.jpg)
Foodtech major Swiggy has allocated 8.64 lakh equity shares to its employees under the Employee Stock Option Plan (ESOP) 2021, following last week’s allotment of 1.7 crore equity shares.
In its recent exchange filing on February 26, Swiggy announced the approval of 8,64,417 equity shares for eligible employees. This move has increased the company’s paid-up equity share capital from INR 2,28,17,85,382 to INR 2,28,26,49,799. The newly allotted shares, valued at INR 30.62 Cr based on the latest trading session price of INR 354.35 per share, will hold equal rights with Swiggy’s existing equity shares.
The allotment comes shortly after Swiggy’s decision to invest INR 1,000 Cr into its wholly owned subsidiary, Scootsy Logistics Pvt Ltd, to strengthen its delivery operations and logistics infrastructure.
The move highlights Swiggy’s commitment to employee welfare and long-term growth, as the company continues to expand its footprint in India’s competitive food delivery market