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Flipkart approves ₹655 crore ESOP repurchase plan for staff
short by Manaya Bagga / on Tuesday, 3 October, 2017
Flipkart has reportedly approved a plan to repurchase employee stock options in a $100 million (₹655 crore) ESOP repurchase plan, which is expected to benefit nearly 6,000 current and former employees. This comes after Flipkart successfully raised about $4 billion in financing this year. The share buyback plan will reportedly mark the largest such programme in Indian startup sector.
read more at Inc42