Ola is looking to go public next year or two10 stock options are equivalent to one equity share with a face value of INR 10 eachBengaluru-headquartered cab-hailing unicorn Ola has now extended its employee benefits pool (ESOP).

The company’s parent ANI Technologies in its extraordinary general meeting on December 24, 2019, sought to expand its ESOPs pool by adding $46 Mn (INR 326.45 Cr) with a further issue of 1,536,230 equity shares.

The filings with the Ministry of Corporate Affairs further showed that 10 ESOP stock options of Ola are equivalent to one equity share with a face value of INR 10 each.

Ola: Employees And IPO PlansThe decade-old company led by Bhavish Aggarwal and Ankit Bhati is now offering its services across 50 cities in India, UK, Australia and New Zealand.

Further, many more employees will be transitioned to other parts of Ola’s empire — Ola Electric, Ola Foods, Ola Financial Services etc, the source added. | To read full story, visit https://startuparound.com/read/1581797246.9965253/Ola-Adds-$46-Mn-To-ESOP-Pool-For-Employees?ref=audio_experience