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Two years can transform fortunes in the Indian Premier League. In May 2024, Kolkata Knight Riders (KKR) celebrated their third IPL title at the Chepauk. Today, the franchise finds itself at the bottom of the points table, grappling with a sharp decline in performance. The fall has drawn sharp commentary from former IPL Commissioner Lalit…
Food delivery platform Swiggy has granted $270 million (nearly Rs 2,240 crore) worth of stock options to its senior leadership ahead of its anticipated initial public offering (IPO), according to the company’s pre-listing prospectus. According to Swiggy’s updated draft red herring prospectus, the company’s founder and CEO Sriharsha Majety has received a significant amount of…
At the current market price, Zomato’s entire ESOP scheme becomes worth Rs 330.17 crore. Zomato’s stock options granted shall be capable of being exercised within (a) 10 years from the date of vesting of options, or (b) 12 years from the date of listing, whichever is later under ESOP 2014 and ESOP 2021. Food delivery…