Delhivery expands ESOP pool with 50.1K stock options.
Delhivery offers a range of integrated logistics services, including express parcel, cross-border, supply chain, warehouse, freight, courier, data intelligence, and fulfillment
Delhivery, a listed logistics startup, has granted 50,100 stock options to eligible workers under its employee stock option plan (ESOP)
Based on Delhivery's recent closing price, these stock options are worth more than INR 2.09 Cr. These options will vest over four years from the date of grant
Of the 50.1K stock options, 10% will vest after 12 months, 30% after 24 months, and the remaining 15% every six months thereafter
The current ESOP expansion comes after the grant of 63,538 stock options in September under the Delhivery Employees Stock Option Plan 2012
In August, the corporation granted 1,66,122 stock options under the ESOP 2012 scheme, whereas in July, approximately 6.49 lakh stock options were allotted across numerous ESOP schemes
Delhivery reported a net profit of INR 54.3 Cr in Q1 FY25, up from a loss of INR 89.4 Cr the previous year
Service revenue increased by 13% year-on-year to INR 2,172 Cr in Q1 FY25 from INR 1,930 Cr in Q1 FY24