Zomato shares fell 5-6% due to anticipated increased ESOP costs in the next financial year.
Zomato's shares fell 5-6% as the company anticipates increased costs due to employee stock ownership plans (ESOPs) in the upcoming financial year. The online food delivery firm announced a rise in ESOP costs to Rs 161 crore in the March quarter, up from Rs 122 crore in the December quarter. Zomato also announced a new ESOP pool for 18.3 crore shares, worth approximately Rs 3,400 crore, seeking shareholder approval.
May 13, 2024
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