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ShareChat parent company announces $19 mn ESOP buyback plan
short by Maanya Sachdeva / on Friday, 18 June, 2021
The parent company of ShareChat and short video app Moj, Mohalla Tech, announced that it will buy back employee stocks worth $19.1 million on Friday. The Bengaluru-based company said around 200 current and former employees will be eligible to participate in this process. ShareChat also tweaked its ESOP policy, including reducing the price to exercise a stock option to ₹1.
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