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boAt adds over 9

时间:2024-06-02 05:22:59 阅读(143)

boAt adds over 9.5 lakh ESOPs worth $9mn

D2C consumer electronic brand boAt has doled out employee stock options (ESOPs) to its employees.

The board of the company, in a special resolution, has approved to grant 9,55,523 ESOPs to its staff. The total value of these ESOP options is $9 million, the company said in a regulatory filing with the Registrar of Companies (RoC).

boAt adds over 9

boAt has five brands under its portfolio including boAt, Redgear, Tagg, Defy and Misfit.

boAt has filed its draft red herring prospectus last year. However, it secured ₹500 crore funding from its existing investors Warburg Pincus and Malabar Investments. The company had hoped to ₹2,000 crore.

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