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ixigo Expands ESOP Pool, Allots 17.57 Lakh Stock Options

  • Online travel aggregator ixigo has expanded its employee stock option plan (ESOP) with the grant of 17.57 Lakh stock options under ESOP 2024.
  • The options will vest over a period of four years in equal annual installments of 25% each, with each option converting into an equivalent number of equity shares.
  • The options have been granted at an exercise price of INR 93 per share.
  • The primary reason behind the decline in profit was a rise in total tax expenses, which stood at INR 5.26 Cr in Q2 FY25.

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