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In a conversation with Sandeep Jethwani in the Create Wealth podcast, Kulashekaran said that he continues to hold 70% of his Zomato shares. ESOPs are employee benefit plan under which employees get the company’s stock at a low price.
Zomato shares climbed 14.11 per cent to hit a one-year high of Rs 98.39 on BSE. This is after Zomato said its food delivery platform reported a profit after tax (PAT) at Rs 2 crore for the quarter.
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