Ecommerce giant Flipkart has announced a $50 Mn ESOP buyback, which will offer liquidity to around 7,000 to 7,500 employees.
Flipkart CEO Kalyan Krishnamurthy, in an internal note, said that the company’s board has approved the ESOP buyback under which employees can liquidate up to 5% of their outstanding options vested in the 3 years preceding July 5, 2025 at a price of $174.32 (about INR 14,954) per option, ET reported.
The ESOP buyback values the company at about $35 Bn, the report said.
A Flipkart spokesperson confirmed the development with Inc42.
Flipkart may also conduct another ESOP liquidity event early next year, if the company achieves its key goals, the CEO added.
(The story will be updated soon)
The post Flipkart Announces $50 Mn ESOP Buyback appeared first on Inc42 Media.
You may also like
Taylor Fritz picks his most feared opponent between Carlos Alcaraz and Jannik Sinner
Gardening expert shares 10 pretty flowers that attract bees to your garden
Duchess Sophie praises 'clear message' of mums who lost sons in Srebrenica massacre
Trump visits Texas: US President in flood-ravaged state; gets briefed by emergency responders
Managing Arsenal - Viktor Gyokeres transfer deal, sign Eberechi Eze, Ethan Nwaneri decision