MapmyIndia Allots 16,612 Shares Under ESOP Scheme

MapmyIndia has allotted 16,612 equity shares to eligible employees under its employee stock option plan (ESOP). 

The shares were issued at an exercise price of INR 12.15 per share, the company said in an exchange filing. 

“The board considered & approved the allotment of 16,612 equity shares of INR 2/- each at an issue price of INR 12.15/- per share to the Eligible Employees (ESOP holders), who have exercised their vested options as per ESOP Policy of 2008 of C.E. Info Systems Limited as recommended by the Nomination & Remuneration Committee of the company,” the filing said. 

Earlier today, MapmyIndia also reported its financial numbers for the third quarter of the ongoing financial year. The company reported a 4% rise in its Q3 FY25 net profit to INR 32.3 Cr from INR 31.04 Cr in the year-ago quarter.

Revenue from operations zoomed 24% to INR 114.54 Cr from INR 92.02 Cr in the year-ago quarter. On a quarter-on-quarter basis, it increased 10% from INR 103.67 Cr.

(The story will be updated soon.)

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