Nykaa Allots 17,010 Shares Worth Over ₹32 Lakh Under ESOP Scheme
In a recent development, Nykaa, a leading e-commerce platform for beauty and wellness products, has allotted 17,010 equity shares under its Employee Stock Option (ESOP) scheme. The value of these ESOP equity shares is a staggering ₹32 lakh, based on Nykaa’s share price on April 21, which stood at ₹192.
This latest allotment is a testament to Nykaa’s commitment to rewarding its employees and recognizing their contributions to the company’s growth and success. The ESOP scheme is a valuable benefit for employees, allowing them to own a portion of the company they work for and benefit financially from its performance.
Nykaa’s ESOP scheme is designed to attract, retain, and motivate top talent in the industry. By offering equity shares to its employees, the company is able to align their interests with those of the business, creating a sense of ownership and accountability among team members.
The latest allotment is not the first time Nykaa has utilized its ESOP scheme. In February, the company had allotted 90,500 equity shares under the same scheme, which were worth a whopping ₹1.49 crore. This demonstrates Nykaa’s continued commitment to its employees and its confidence in the company’s future growth prospects.
Nykaa’s ESOP scheme is designed to be a long-term benefit for employees, allowing them to own a portion of the company for a specified period of time. The scheme is governed by a set of rules and regulations, which are designed to ensure fairness and transparency in the allocation of equity shares.
The allocation of ESOP equity shares is typically based on a combination of factors, including an employee’s job role, tenure, and performance. The company’s board of directors has the discretion to allocate ESOP equity shares to employees, subject to certain conditions and limitations.
Nykaa’s ESOP scheme is not only a benefit for employees but also a way for the company to retain top talent and build a strong and motivated workforce. By offering equity shares, Nykaa is able to attract and retain employees who are passionate about the company’s mission and values.
In conclusion, Nykaa’s allotment of 17,010 ESOP equity shares worth over ₹32 lakh is a significant development for the company and its employees. The scheme is designed to reward employees for their hard work and dedication, while also aligning their interests with those of the business. As Nykaa continues to grow and expand its operations, it is likely that the company will continue to utilize its ESOP scheme to reward and motivate its employees.
Source: https://yourstory.com/2025/04/nykaa-allots-shares-under-esop-scheme
