Nykaa Provides 4.05 Lakh ESOPS Ahead of Q4 Results

The beauty and fashion ecommerce firm granted 4.05 lakh stock options under its Employee Stock Option Policy (ESOP) scheme.

The stocks allotted might be valued at roughly INR 7.15 crore based on the stock’s opening price of INR 176.75 on May 21.

Nykaa, a beauty and fashion ecommerce company, said on May 20 (Monday) that it had given 4.05 lakh stock options under its Employee Stock Option Policy (ESOPs) program

The valuation of the authorized stocks might be roughly INR 7.15 crore based on the stock’s opening price of INR 176.75 on May 21.

The company’s most recent significant employee stock option issuance was approximately two years prior to the ESOP allotment disclosure.

Nykaa’s ESOP 2022 scheme offered its employees 16 lakh shares and 4 lakh units under the Stock Unit Plan, 2022.