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Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks

This will be the biggest Esop buyback in tech industry. Flipkart owns over 80% stake in PhonePe and is looking to exit the company. Walmart owns 10% in the Bengaluru-based fintech firm

Topics
Flipkart | Walmart | PhonePe

Peerzada Abrar  |  Bengaluru 



Flipkart
In 2019, Flipkart allowed an Esop buyback worth $100 million from the staff

E-commerce firm and digital payments firm are expecting a few big milestones in the next 2-3 weeks. Their parent company Walmart, the world’s largest retailer, is initiating an employee stock ownership plan (Esop) buyback, under which it may purchase stocks worth $700 million from employees, say sources.

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First Published: Tue, November 29 2022. 22:44 IST

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