GUWAHATI, Nov 13: Nearly 500 employees of popular food delivery aggregator Swiggy are likely to become ‘crorepatis’.
Swiggy had made its highly-anticipated stock market debut today and its shares were listed at Rs 420 on the National Stock Exchange (NSE), reflecting a 7.7% premium over the issue price of ₹390.
The wealth generation for the employees is a result of the stock options the company allotted to its workforce over the years under the ESOP (Employee Stock Option Plan) schemes.
Around 5,000 current and former employees are poised to benefit from an estimated Rs 9,000 crore in wealth creation through stock options, The Economic Times reported.
And close to 500 employees could join the ‘crorepati’ club post-listing, making this a standout offering in the country’s startup landscape.
