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Flipkart staff to get richer, Walmart to buy ESOPs worth $800 mn
short by Pragya Swastik / on Thursday, 20 September, 2018
Flipkart's current and former employees will get richer from their stock options as the e-commerce startup announced in a letter that they will be able to liquidate their ESOPs at $126-128 a unit. Walmart is obligated to buy 6,242,271 shares from Flipkart's ESOP pool of 11,947,026 shares, a regulatory filing said. The worth of Flipkart's total ESOP is $1.5 billion.
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