Swiggy, the Indian food and grocery delivery firm, will purchase shares worth over $50m from 2,000 employees in its next employee stock ownership plan. The stock upgrade offers staff from Dineout - which Swiggy purchased last year - a chance to participate.
RILs buyback offer of INR1,362 per share wasnt received well by minority shareholders of Reliance Retail. The oil-to-telecom behemoth says it arrived at the price based on a valuation report by two independent valuers and then adding a premium. Shareholders, however, are going by the price floated in the unlisted shares market. And that s where the problem lies.
Its definitely a happy Friday for more than 24,000 current and former Flipkart and Myntra employees, as they receive a one-time cash payout from the $700 million employee stock option (Esop) buyback facilitated by the e-commerce major. ET first broke the news about the share buyback in November last year. This and more in todays ETtech Top 5