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.