Deepinder Goyal to give up ₹1,000-crore Eternal ESOPs as he steps down as CEO: Report
In a significant development, billionaire Deepinder Goyal, the founder and CEO of Zomato’s parent company Eternal, is set to give up unvested Employee Stock Ownership Plans (ESOPs) worth around ₹1,000 crore as he steps down from his position as CEO. This move is expected to have a significant impact on the company’s ESOP pool, with 3.3 crore shares set to return to the company. According to a report by Economic Times, this development is likely to have a positive impact on the company’s future plans, with the company’s CFO Akshant Goyal stating that they may not need to dilute their ESOPs again for a longer period.
The decision by Deepinder Goyal to give up his unvested ESOPs is a significant one, and it reflects the company’s commitment to its employees and its vision for the future. ESOPs are a key component of a company’s compensation package, and they are designed to incentivize employees to work towards the company’s long-term goals. By giving up his unvested ESOPs, Goyal is setting an example for other employees and demonstrating his commitment to the company’s success.
The return of 3.3 crore shares to the company’s ESOP pool is a significant development, and it is likely to have a positive impact on the company’s future plans. With more shares available in the pool, the company may be able to attract and retain top talent, which is essential for its continued growth and success. The company’s CFO, Akshant Goyal, has stated that the return of these shares may mean that the company will not need to dilute its ESOPs again for a longer period, which is a positive development for employees and investors alike.
The news of Deepinder Goyal’s decision to give up his unvested ESOPs has sent shockwaves through the business community, with many analysts and experts weighing in on the implications of this move. While some have praised Goyal’s decision as a selfless act that demonstrates his commitment to the company, others have raised questions about the potential impact on the company’s leadership and future plans.
Despite the uncertainty surrounding Goyal’s decision, one thing is clear: the return of 3.3 crore shares to the company’s ESOP pool is a significant development that is likely to have a positive impact on the company’s future plans. With more shares available in the pool, the company may be able to attract and retain top talent, which is essential for its continued growth and success.
In recent years, Zomato has been at the forefront of India’s food delivery market, with the company expanding its operations to new cities and towns across the country. The company’s success has been driven by its commitment to innovation and customer satisfaction, and its ESOPs have played a key role in incentivizing employees to work towards the company’s long-term goals.
The decision by Deepinder Goyal to give up his unvested ESOPs is a significant one, and it reflects the company’s commitment to its employees and its vision for the future. As the company continues to grow and expand its operations, it is likely that ESOPs will play an increasingly important role in attracting and retaining top talent.
In conclusion, the news of Deepinder Goyal’s decision to give up his unvested ESOPs is a significant development that is likely to have a positive impact on the company’s future plans. With 3.3 crore shares set to return to the company’s ESOP pool, the company may be able to attract and retain top talent, which is essential for its continued growth and success. As the company continues to navigate the challenges and opportunities of the food delivery market, it is likely that ESOPs will play an increasingly important role in driving its success.
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