Swiggy Adds 1.28 Crore Shares As Part Of ESOP Plan

Listed foodtech company Swiggy’s board has approved the allotment of 1.28 crore equity shares under its employee stock option plan (ESOP).

According to a filing with the NSE, the company’s Nomination and Remuneration Committee approved the grant of 1.29 crore ESOPs through a circular resolution.

Each option can be converted into an equity share. Based on Swiggy’s current market value, these ESOPs are worth around Rs 443.4 crore (about $52 million).

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This update comes three months after Swiggy had already allotted 2.61 crore shares under different ESOP schemes. Its total paid-up equity share capital has now grown from Rs 2.23 crore to Rs 2.26 crore.

Swiggy hasn’t shared its financial results for the last quarter of FY25 yet.
 
In the third quarter (Q3 FY25), the company’s revenue grew by 31% to Rs 3,993 crore up from Rs 3,049 crore in Q3 FY24. However, its losses also rose by 39.2% during the same period, reaching Rs 799 crore.

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