 "Simplilearn")
Simplilearn, the platform for digital economy skills training, announced its first-ever Employee Stock Option Plan (ESOP) buyback worth Rs 48.74 crore. This event is the first time ESOPs have been bought back by the company. The buyback was undertaken as part of the recent investment by Blackstone earlier this year.
The company had offered active employees to liquidate up to 25 per cent of their vested ESOPs as part of this buyback. 65 per cent of the active employees with ESOPs liquidated their options as part of this buyback process. The company also rewarded all these employees with additional new
