Highlights
Employee Stock Options from Zomato’s Parent Eternal
Eternal, the parent company of Zomato, has launched a new set of employee stock options (ESOPs) that encompass 74.18 lakh equity shares through various ESOP plans, as per recent filings from the stock exchanges. This move has been officially sanctioned by the company’s Nomination and Remuneration Committee, which has approved 64.13 lakh stock options for eligible staff under the Foodie Bay Employee Stock Option Plan 2014, Zomato Employee Stock Option Plan 2021, and Zomato Employee Stock Option Plan 2024.
Valuation of Newly Granted ESOPs
Given Eternal’s current share price of Rs 224.7, the total value of the newly introduced ESOPs is approximately Rs 167 crore. Notably, in October of the previous year, the company also allocated 64.13 lakh ESOPs to qualifying employees through its various ESOP schemes.
Details on Stock Options
The filings further indicate that each stock option is convertible into one fully paid-up equity share, which holds a face value of Rs 1. The stock options under ESOP 2014 and ESOP 2021 can be exercised within 10 years from the vesting date or 12 years from the listing date, whichever occurs later. Conversely, the options under ESOP 2024 can be exercised within a 10-year period from the date of vesting.
According to the most recent shareholding pattern disclosed, the employee trusts collectively hold 54.56 crore ESOP options, which represent around 6% of the overall capital structure.
Financial Performance
During Q3 FY26, Eternal reported a rise in revenue from operations, which reached Rs 16,315 crore. Additionally, the company’s profit for that period was noted at Rs 102 crore. At present, Eternal’s stock is trading at Rs 224.7 on the NSE, yielding a total market capitalisation of Rs 2,16,891 crore, roughly translating to $23.8 billion.