Zomato parent Eternal grants Rs 200 Cr worth ESOPs to employees

Zomato’s parent Eternal has rolled out fresh employee stock options (ESOPs) covering 64.13 lakh equity shares under its various ESOP plans, according to the filing accessed from the stock exchanges.

The company’s Nomination and Remuneration Committee approved the grant of 64.13 lakh stock options to eligible employees under the Foodie Bay Employee Stock Option Plan 2014, Zomato Employee Stock Option Plan 2021 and Zomato Employee Stock Option Plan 2024 to the eligible employees.

According to Eternal’s current share price of Rs 330, the newly added ESOPs are worth Rs 211 crores.

Before this, the company had granted 10.13 lakh ESOPs valuing at approx Rs 33 crore to its eligible employees under its Zomato Employee Stock Option Plan of 2021.

On Wednesday, BoFA Securities Europe SA, Bank of America's investment banking division, purchased 8.2 million shares of Eternal in a bulk deal. The shares were bought from Goldman Sachs Bank Europe SE for Rs 325.5 each, valuing the transaction at close to Rs 267 crore.

In the first quarter of the ongoing fiscal year, Eternal’s revenue from operations grew 70% to Rs 7,167 crore in contrast to Rs 4,206 crore in Q1 FY25. However, the company's profit fell by 90% to Rs 25 crore in Q1 FY26 from Rs 253 crore in Q1 FY25.

Eternal’s stock is trading at Rs 330 (as of 10:30 AM) on the NSE, giving it a total market capitalization of Rs 3,19,330 crore.