Eternal, the parent company of food delivery platform Zomato and quick-commerce firm Blinkit, has approved employee stock options (ESOPs) worth ₹224 crore. The announcement came on Thursday, following approval from the company’s Nomination and Remuneration Committee, according to filings with the stock exchanges. The committee sanctioned 64,13,217 stock options under the ESOP 2014, ESOP 2021, and ESOP 2024 schemes.
The grant has been valued at the National Stock Exchange’s opening price of ₹326.2 per share. Each option has been issued at an exercise price of ₹1 and is convertible into one fully paid equity share with a face value of ₹1. In total, the stock options correspond to 68,95,545 equity shares, including adjustments made under the ESOP schemes.
According to the filing, options allotted under ESOP 2014 and ESOP 2021 can be exercised within 10 years from the vesting date or 12 years from the date of listing, whichever is later. Options granted under the ESOP 2024 plan have a 10-year exercise period from the vesting date.
In April 2025, Eternal granted stock options valued at approximately ₹4.42 crore under ESOP 2014 and ESOP 2021. More recently, in July 2025, the company allotted 64.77 lakh stock options under the same schemes, with a total grant value of around ₹168 crore, according to stock exchange filings. The ESOP announcement comes as Zomato navigates regulatory changes, including a new GST rule imposing an 18% tax on delivery fees for platforms like Zomato and Swiggy.
