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The employee stock ownership plan (Esop) buyback was completed on 1 January.(Representational)

Cred raises $81 million, initiates Esop buyback

By Nandita Mathur and Tarush Bhalla | Livemint
UPDATED ON JAN 05, 2021 07:21 AM IST
Cred’s fundraise was led by existing investors DST Global along with Sequoia Capital, Ribbit Capital, Tiger Global, and General Catalyst. Sofina, Coatue and Satyan Gajwani of Times Internet also participated in this round.
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ESOP tax breather among start-up incentives

By Salman SH | Livemint, Bengaluru
UPDATED ON FEB 02, 2020 02:05 PM IST
At present, employees typically pay tax when they exercise their options and when they finally sell their shares. ESOPs serve as an important compensation tool for them, particularly in fast-growing startups, whose valuations multiply at a fast rate
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The Reserve Bank of India headquarters in Fort, Mumbai.
The Reserve Bank of India headquarters in Fort, Mumbai.

RBI proposes tightening compensation norms for private, foreign banks

By Press Trust of India | Press Trust of India
UPDATED ON FEB 26, 2019 08:17 PM IST
The latest discussion paper proposing changes to compensation norms comes more than seven years after the Reserve Bank of India (RBI) issued such guidelines for private and foreign banks.
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The logo of Flipkart is seen on the company's office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa
The logo of Flipkart is seen on the company's office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa

Many newly minted millionaires: Who gets what in the $16 billion Flipkart-Walmart deal

By Alisha Sachdev | Hindustan Times
UPDATED ON MAY 11, 2018 06:17 PM IST
A round-up on how employees, founders, and investors in Flipkart will be impacted by its deal with Walmart
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People walk past a signage at the Flipkart headquarters in Bangalore, India.(AP Photo)
People walk past a signage at the Flipkart headquarters in Bangalore, India.(AP Photo)

Flipkart share buyback to turn hundreds of employees into crorepatis

By Anirban Sen, Madhurima Nandy and Mihir Dalal | Livemint, Bengaluru
UPDATED ON MAY 10, 2018 03:57 PM IST
The ESOP (employee stock options) buyback from Walmart will be the biggest ever in the Indian start-up ecosystem and is expected to turn a few hundred Flipkart employees into crorepatis.
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Stock options would be provided from the government’s remaining 24% stake after divestment.(Reuters File Photo)
Stock options would be provided from the government’s remaining 24% stake after divestment.(Reuters File Photo)

Centre plans ESOPs for Air India employees after sale of its 76% stake

By Press Trust of India | Press Trust of India, New Delhi
UPDATED ON MAR 29, 2018 09:51 PM IST
Employee Stock Option Plan would be extended to the airline staff once the divestment process is complete, a senior official said.
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