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Flipkart pays $700 million Esop to staff post PhonePe split
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Flipkart pays $700 million Esop to staff post PhonePe split
18 October 2024
Current and former employees of e-commerce major Flipkart and Myntra have received a one-time cash payout from a $700 million employee stock option (Esop) buyback facilitated by the e-commerce major, Flipkart group CEO Kalyan Krishnamurthy said in an internal email.
This is the largest such Esop buyback being facilitated by a local internet firm and has topped the $500 million of liquidity that employees received when Walmart acquired Flipkart in 2018.
Current and former employees of e-commerce major Flipkart and Myntra have received a one-time cash payout from a $700 million employee stock option (Esop) buyback facilitated by the e-commerce major, Flipkart group CEO Kalyan Krishnamurthy said in an internal email. This is the largest such Esop buyback being facilitated by a local internet firm and has topped the $500 million of liquidity that employees received when Walmart acquired Flipkart in 2018.
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