iD Fresh Food announces 7th Esop round

Bengaluru: iD Fresh Food on Thursday announced its seventh round of employee stock option plan (Esop) tranche for 27 employees for their contribution to the company’s success and continued growth through challenging times. Since 2016, the company has granted around Rs 300 crore worth of Esops to employees across functions.The Bengaluru-based company said 54% of the Esops offered till date are to the junior management. Two of the recipients of the current round serve the company as driver and helper. The fresh food brand’s co-founder & CEO PC Musthafa said, “Our aspiration is to help create a minimum of 100 crorepatis in the next three years by offering high-value shares at Rs 10/share and attract best talent from the market and retain/reward the existing ones.”