Zomato s big-bang market debut mints 18 dollar millionaires
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Cofounder and chief executive Deepinder Goyal s 5.5% stake was worth Rs 4,650 crore at the close of trade.
ETtech
Zomato’s big-bang
public market debut on Friday has spawned about 18 dollar-millionaires.
Cofounder and chief executive Deepinder Goyal’s 5.5% stake, which included employee stock ownership plans (Esops), was worth Rs 4,650 crore ($624 million) at the close of trade.
Among other key executives, cofounder and chief technology officer Gunjan Patidar’s shares and Esops were cumulatively worth Rs 363 crore. Other top gainers included Mohit Gupta,
a cofounder and the head of new businesses at
Zomato, whose Esops were worth Rs 195 crore.
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Top executives of Indian unicorn Zomato stand to make big cash from upcoming IPO
Photo: Mint
May 3, 2021
The top leadership of Zomato Ltd., which filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI), last week, now stands to make more than ₹786 crore ($106 million), as a part of the firm’s upcoming initial public offering (IPO).
The top 10 executives of Zomato are sitting on a cash-pile value of ₹786 million (or over $100 million), as a result of the stock options granted to them in 2014 and 2018, through the company’s employee stock ownership plan (ESOP) policy.
From Deepinder Goyal to Zomato s top executives – here s how much they earn businessinsider.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.in Daily Mail and Mail on Sunday newspapers.