Delhivery awards 1 lakh stock options to employees at Re 1 vesting over four years

Vesting starts after a year with Re 1 exercise

Delhivery has granted over 1 lakh stock options to employees under its ESOP 2012, effective May 1. The options can be exercised at Re 1 and vest over four years, with an initial tranche after 12 months followed by remaining vesting phases. The plan is designed to retain talent by tying rewards to equity and long-term wealth creation.