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.
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