Thursday, March 11, 2021

IndiGo CEO Ronojoy Dutta gets ESOPs worth Rs 14.1 crore

India's largest airline IndiGo has given its Chief Executive Officer Ronojoy Dutta stocks worth Rs 14 crore under Employee Stock Option Scheme that will accrue to him over the next three years.

The proposal was cleared by the company board on March 6, and will be voted by the shareholders on March 12. The e-voting will end on April 10.

Dutta has been granted 1.85 lakh shares at Rs 765 per share. On March 10, IndiGo's stock ended the day at Rs 1,684 at the Bombay Stock Exchange.

Dutta will get the ESOPs over and above his annual remuneration and bonus. In its communication to the exchanges, the airline said the CEO has been paid Rs 8.2 crore till December 31, 2020, as part of his remuneration for the 2021 financial year. This includes a 'committed bonus' of Rs 3.7 crore, the airline said.

In the 2020 financial year, Dutta took home a salary of Rs 17 crore, which included a bonus of Rs 5.6 crore.

11/03/21 Moneycontrol

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