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OYO to buy shares worth ₹50 cr from staff, ex-workers in Jan
short by Kanishka Pandey / on Friday, 28 December, 2018
Gurugram-based hospitality startup OYO has said it will hold the first round of share buyback offered to current and former employees in January, which is estimated at about ₹40-50 crore. Around 250 ESOP (Employee Stock Ownership Plan) holders will participate in the round. The startup revealed it expects a total of $150-200 million over the next few years.
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