Delhivery Limited granted 1,87,375 stock options to employees under ESOP-2021 at an exercise price of Re. 1 per share. The options vest over three years, with 20% vesting at 12 months, 30% at 24 months, and 50% at 36 months. Employees can exercise the vested options any time from the respective vesting dates until they continue in the employment of the company. The equity shares allotted upon the exercise of these stock options will not be subject to any lock-in period and will rank pari passu with existing equity shares from the date of allotment. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.