Delhivery approves grant of 4.9 lakh ESOP shares

Delhivery’s Nomination and Remuneration Committee (NRC) of the Board of Directors approved the grant of 4,90,000 stock options under Delhivery Employees Stock Option Plan 2012 (ESOP‐2012) to the eligible employees of the Company, the company said in a stock exchange filing.

The options will be allotted in three phases with 20% after 12 months from the date of grant—November 21, 2024, 30% upon the completion of 24 months, and the remaining 50% post 36 months.

Each stock option is convertible into one fully paid‐up equity share having face value of Re.1/‐ each, the company said.

All 4,90,000 stock options can be exercised any time from the respective date(s) of vesting, as per the terms of grant, it added.

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