Zomato’s Parent Company Eternal Launches New ESOPs

Zomato’s parent company, Eternal, has introduced new employee stock options (ESOPs) encompassing 64.13 lakh equity shares across its various ESOP plans, as detailed in a recent filing with the stock exchanges. The company’s Nomination and Remuneration Committee has approved the issuance of 64.13 lakh stock options to qualified employees under the Foodie Bay Employee Stock Option Plan 2014, Zomato Employee Stock Option Plan 2021, and Zomato Employee Stock Option Plan 2024.

Based on Eternal’s current share price of Rs 330, the total value of these newly issued ESOPs stands at Rs 211 crores. Previously, the company had granted 10.13 lakh ESOPs, valued at approximately Rs 33 crore, to its eligible employees under the Zomato Employee Stock Option Plan of 2021.

Recent Transactions and Market Activity

On Wednesday, BoFA Securities Europe SA, a branch of Bank of America’s investment banking division, acquired 8.2 million shares of Eternal in a bulk transaction. These shares were purchased from Goldman Sachs Bank Europe SE at a price of Rs 325.5 each, bringing the total transaction value to approximately Rs 267 crore.

Financial Performance Overview

In the first quarter of the current fiscal year, Eternal’s revenue from operations surged by 70%, reaching Rs 7,167 crore, compared to Rs 4,206 crore in Q1 FY25. However, the company experienced a decline in profit, dropping by 90% to Rs 25 crore in Q1 FY26 from Rs 253 crore in the same quarter of the previous year.

As of 10:30 AM, Eternal’s stock is trading at Rs 330 on the NSE, which results in a total market capitalization of Rs 3,19,330 crore.