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Mamaearth Parent Honasa Consumer Grants ESOPs Worth Rs 57 Crore to Employees

  • 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.

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