FIs oppose liberal stock options, pay deals for top execs of new-age cos

Mumbai: Plans of listed new-age businesses to dole out liberal stock options and pay packages to some of their top employees are being opposed by institutional investors, including foreign funds. People with direct knowledge of the matter said investors are red flagging these stock option issuances on the grounds that these are happening at deep discounts to the current market prices.

Late last month, 82% of investors voted against an Employee Stock Options (ESOP) scheme proposed by Zomato. Similarly, 72% of institutions voted against the ESOP proposal of Delhivery.