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24 January 2022, Mumbai:
Over $400 million worth of ESOPs were bought back by Indian startups In 2000, according to a report startups by Nasscom and consultancy firm Zinnov. Over 10,000 employees benefited from these buybacks.
The ESOP pool has expanded to 900 million with Sebi's revised policies, the report said.
KEY HIGHLIGHTS
- Over $400 mn worth of ESOPs were bought back
- Over 10,000 employees benefited from it
- ESOP pool has expanded to 900 mn with Sebi's revised policies
- Reported Nasscom & Zinnov consultancy firm
Sebi changed nations last year to allow ESOPs to be given even to employees on contracts, and then probations prior to information.
10K STAFFERS
Many new-age firms have been buying back employee stock options to reward them. ESOPS has emerged as a tool and has been integral to the compensation strategy of startups.
Credits: TOI dt 24-01-2022
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