CosmicTaco

Court Halts Swiggy From Alienating Ex-Exec's ESOPs

CosmicTaco · 2024-11-09T10:28:04.647699+05:30

- Bengaluru court temporarily restrains Swiggy from alienating over 200 stock options of a terminated executive. - Former assistant vice-president Arun Cyril challenges his termination and annulment of ESOPs. - This comes as Swiggy's IPO closes, oversubscribed 3.59X on the final day. Source: [Inc42](https://inc42.com/buzz/bluru-court-bars-swiggy-from-alienating-esops-of-terminated-executive/)

Bengaluru court temporarily restrains Swiggy from alienating over 200 stock options of a terminated executive.
Former assistant vice-president Arun Cyril challenges his termination and annulment of ESOPs.
This comes as Swiggy's IPO closes, oversubscribed 3.59X on the final day.

Source: Inc42