Innoviti Allocates Additional Rs. 25 Cr. of ESOPs in Preparation for its Proposed IPO
- Friday, January 17, 2025, 7:19
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Innoviti Technologies has allocated an additional Rs. 25 Cr. in ESOPs to 110 employees, raising the total to Rs. 106 Cr., ahead of its planned IPO within 12 months. Half the allocation is for employees with over a year at the company, while the rest rewards exceptional contributions. Operating at a Rs. 160 Cr. run rate with minimal EBITDA loss, Innoviti targets profitability in two quarters.
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