New Delhi. Swiggy's shares got listed in the stock market today (Swiggy Listing). The company's shares were listed on NSE at Rs 420 with a 7 percent premium and on BSE at Rs 412. Even though Swiggy's IPO did not give strong listing gains to the people who invested in it, but as soon as the company got listed in the market, about 500 employees of the company definitely became millionaires. Out of these, 9 employees have received Rs 50 crore, while founder and CEO Sriharsha Majety has become the owner of Rs 1894 crore. This has happened due to the Employee Stock Ownership Plan (ESOP).

Under the Employee Stock Ownership Plan, the employer i.e. the company gives company stocks to its employees at little or no cost, which they can redeem at a fixed price after a certain period. That is, they get money in exchange for those shares. Swiggy had given ESOP to many of its current and former employees. Now after the company's shares are listed in the market, the company will pay ESOP worth Rs 9000 crore.

Their bags were filled.
Co-founder and Group CEO Sriharsha Majety has been given Rs 1,894.11 crore under ESOP. Instamart CEO Amitesh Jha has been given Rs 126.41 crore, Food Marketplace CEO Rohit Kapoor has been given Rs 92.63 crore, Chief Financial Officer Rahul Bodhra, Chief Technology Officer Madhusudan Rao, Chief Human Resources Officer Girish Menon, Co-founder and Chief Growth Officer Phani Kishan, and Co-founder and Head of Innovation Nandan Reddy have each received Rs 81.73 crore and former Chief Growth and Marketing Officer Ashwath Swaminathan has received Rs 54.48 crore under ESOP.
In this way, the company has allotted ESOPs worth a total of Rs 2,288.09 crore to its top executives and co-founders. These ESOPs are aimed at encouraging employees to stay associated with the company for a long time and contribute to the success of the company. This move will help the company's leadership team to implement its strategic plans and play an important role in taking the company forward.