Eternal Limited, earlier known as Zomato, has granted employee stock options valued at approximately ₹169 crore, aimed at incentivizing and retaining key talent within the company.
A total of 64.77 lakh stock options have been issued under the company’s stock option schemes, with each option priced at just ₹1. These options, once exercised, will be converted into equity shares of Eternal.
This strategic move underscores the company’s ongoing focus on empowering employees with ownership and aligning them with its long-term growth trajectory in the food tech and delivery sector. The options come with a generous exercise window, offering flexibility for employees to benefit from the company’s future performance.
Eternal’s shares drew market attention following this development, as per the filing with the stock exchanges, reflecting investor confidence in the company’s approach to building value through employee engagement.
