Honasa Consumer, the parent company of personal care brands like Mamaearth, has granted Employee Stock Options (ESOPs) worth approximately Rs 57 crore.
The grant of 24.16 lakh stock options is aimed at retaining and rewarding the employees amidst continued business growth.
The ESOPs will be vested over a period of 5 years linked to both tenure and company performance.
This move follows the growing trend of startups and new-age companies in India offering equity-based compensation to their employees.