Deepinder Goyal: These days, Zomato CEO Deepinder Goyal is in the news. Recently, he was in the news due to a post he made on X regarding a job offer. Earlier he had gone to deliver an order himself. After which he made a lot of headlines on social media. Now the rise in the shares of Zomato has also created a stir. Meanwhile, now Deepinder Goyal has given another news which will remain in discussion.
Zomato CEO has voluntarily waived his annual compensation of Rs 3.5 crore till the end of financial year 2026 (FY26). This has extended by two years beyond their earlier scheduled time. This information has been received from the information given to the stock market of the company.
Three years ago, i.e. at the beginning of the financial year 2020-21, Zomato CEO had said that he would not take his salary for 36 months till the end of the financial year 2023-24. However, now he has extended his decision till March 31, 2026, that is, he will not take his salary for two more years.
Deepinder Goyal will work for free for two more years
Company documents read, “Deepinder Goyal informed the Board that as per the extension letters dated March 24, 2021 and April 1, 2024, he voluntarily foregone his salary for the period from April 1, 2021 to March 31, 2026.” Is.” However, in the meantime, Goyal will continue to perform his role and functions in the company as MD and CEO of Zomato. During this period they will also take the total amount of variable pay. The board will decide this amount later.
Let us tell you that Goyal holds 4.18 percent shares of Zomato. Its value was more than Rs 10,000 crore by the close of trading on BSE on November 25. Zomato’s shares have increased by more than 140 percent so far this year. In fact, today i.e. on 26th November at 1 pm, it was trading at Rs 277.35 per share on BSE, due to which there has been a rise in the price of shares.
As of 1 pm on November 26, Zomato had a market capitalization of Rs 2,45,243 crore or about $28.8 billion. Its recently listed rival Swiggy has a market capitalization of Rs 99,845 crore or about $11.8 billion.
QIP shares surge
Shares of food aggregator Zomato jumped by 6 percent in early trade on November 25. It is believed that this rise in shares is due to its inclusion in the 30-stock Sensex and approval of its QIP worth Rs 8,500 crore ($ 1 billion). Have to meet. Zomato has set a floor price of Rs 265.91 per share for QIP, which is about 4 per cent lower than its recent trade.
Zomato had earlier said that it would use the funds raised through QIP to strengthen its balance sheet. The company now plans to spend on marketing and expansion of its quick commerce arm Blinkit. At present, Blinkit is the market leader ahead of Zepto and Swiggy.
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