Page 6 - Esops

Online used cars seller Spinny finishes ESOP buyback worth $12 mn

The unicorn raised $283 million in a Series E funding round from new and existing investors earlier this month.

Honasa, parent company of Mamearth and The Derma, offers ESOPs to all staff

Has distributed stocks worth Rs 20 cr in addition to ESOPs allocated earluer. The stock-based value creation will be a top-up component over and beyond the employee CTC

Urban Company's valuation rises to $2.8 billion in 4th ESOP sale programme

The ESOPs sold in this transaction have largely been purchased by existing institutional investors of the company.

Simplilearn completes first ever ESOP buyback worth Rs 48.74 crore

The buyback was undertaken as part of the recent investment by Blackstone earlier this year

Simplilearn completes maiden ESOP buyback worth Rs 48.7 crore

The buyback was completed earlier this month. The company has over 1,600 people

Start-up pay cheques, ESOPs are creating a new breed of angel investors

These high-earning start-up executives generally invest cheque sizes of Rs 2-5 lakh and are drawn to companies in the seed stage

Vedantu announces buyback of ESOPs worth $3 mn for eligible employees

Founders will not participate in buyback

Licious starts 'everyday vesting, anytime liquidation' ESOP for employees

Employees can liquidate the ESOPs anytime without terms and conditions, said the meat and seafood company.

Meesho announces 'ESOP for all' with its latest MeeSOP programme for staff

The SoftBank-backed internet commerce platform is enabling all employees to own company shares and participate in the growth story

Meesho announces second ESOP programme worth $5.5 mn in less than a year

Firm has grown 2.8x in terms of monthly transacting users and a 2.5x by orders over past six months; now aims to reach 100 mn users and over 50 mn products by December 2022

E-commerce firm Meesho announces $5.5 mn ESOP liquidation programme

In November last year, the company had announced a $5 million ESOP dilution programme

Zee-Invesco row ended deal talks; no hostile takeover plans: RIL

The war of words between Invesco and ZEEL shows that minority shareholders were not in the loop about the acquisition talks till Tuesday

Swiggy announces two liquidity events over 2 years for employees with ESOPs

The entire exercise is expected to be worth $35-40 million at the company's current valuation

Paytm founder could see his stake go up by 2-4% in parent firm ahead of IPO

In August this year, the company had doubled its ESOPs pool from 24,094,280 to 61,094,280, this was approved by shareholders earlier this month

MobiKwik IPO creates Rs 300-crore windfall for its 470 employees

Fintech major MobiKwik, which has filed its draft red herring prospectus (DRHP), on Tuesday said the listing should provide a bountiful rewards to its employees through the ESOPs issued to them. The company, under its ESOP 2014 Scheme, has reserved 4.5 million equity shares for creating a pool of ESOPs for the benefit of the eligible employees. MobiKwik Chairperson, co-founder and COO Upasana Taku said the number of equity shares that would arise from the full exercise of options granted implies 7 per cent of the fully diluted outstanding shares. "This 7 per cent compares to less than 2 per cent holding for most other internet companies that are coming up for listing... Over the last decade, MobiKwik has grown on the strength of its employees to become a leading fintech player in India. As we cement our presence and leadership further, we wanted to acknowledge and reward our employees for their efforts," she added. The Gurgaon-based company - which has about 470 employees - had fil

Taking steps towards building more diverse organisation: Grofers

The company has over 2,000 employees

Paytm IPO: Employees get time till Sep 22 to convert ESOPs into shares

Paytm has given time till September 22 to its employees to decide on converting their stock options ahead of the company's Rs 16,600 crore-IPO planned to be launched in October

Hospitality major OYO increases its ESOP pool by 41%

Hospitality major OYO has expanded its Employee Stock Option Plan (ESOP) pool by 41 per cent with the addition of another 20 crore shares

More Paytm employees convert ESOPs to shares after shareholders' approval

An additional 40 current and former employees of Paytm have converted their ESOP grants to shares for monetising them in its upcoming Rs 16,600 crore IPO, the digital payments firm said

Fintech firm Cred to offer employees new programme for wealth creation

Fintech firm Cred on Wednesday said it will offer an 'Accelerated Wealth Programme' to its staff in addition to ESOPs and grants to create another avenue for its team to build wealth