Mamaearth Parent Honasa Expands ESOP Pool, Allots Over 3.9 Lakh Shares

Honasa Consumer Ltd, which owns new-age FMCG brands like MamaearthMamaearth Datalabs_in-article-icon and The Derma Co, has expanded its employee stock option plan (ESOP) pool by allocating 3,97,169 to its eligible employees.

In an exchange filing today (August 2), the company said that it has approved a total grant of 3,97,169 stock options under Honasa Consumer Limited Employee Stock Options Plan – 2018 (“ESOP – 2018”) to the eligible employees.

Of these 3,97,169 equity shares, 3,73,472 shares have been granted with the exercise price of INR 10 and the remaining 23,697 shares were allotted at the exercise price of INR 262.

As per the stock’s closing price on Friday, the newly allotted ESOPs are worth over INR 18.03 Cr.

Honasa further said in the filing that all the vested options can be exercised by the employee at any time during the continuation of his tenure or within 90 days from the date of the last working day of the employee in the company.

The ESOPs issuance follows after it was reported in November last year that the company would likely sell its shares worth INR 150 Cr in a block deal.