 "money, esop, shares buyback")
Employees of Zinka Logistics Pvt Ltd, the company behind online marketplace for logistics BlackBuck, made nearly 11X returns within a year by liquidating certain part of their employee stock options (ESOPs).
This follows an ESOP Repurchase Plan announced by the company recently which provided an opportunity to liquidate a certain part of their stock options. The buyback provided 11X returns within the one-year time window, for people who exercised this option.
The entire process has been completed, and the payment is made to the employees who opted for it, the company said in a statement.
The early timing of the
