Mumbai: The Securities and Alternate Board of India (SEBI) has proposed a change in guidelines that can enable startup founders to proceed holding Worker Inventory Possibility Plans (ESOPs) even after their firm goes public. This transfer goals to offer aid to founders of new-age know-how corporations who usually obtain ESOPs as a substitute of cash-based…
New Delhi, Mobility startup Rapido on Tuesday introduced its first-ever Worker Inventory Possession Plan (ESOP) liquidation programme for present and former workers. Via this initiative, workers are eligible to promote a portion of their vested ESOP items instantly. The transfer by the corporate is geared toward enhancing worker satisfaction and retention whereas fostering a tradition…
Preliminary public choices (IPOs) of eight new-age web corporations this yr unlocked over Rs 8,500 crore for workers from their excellent inventory choices. Spectacular as it’s, this pales compared to the practically Rs 34,000 crore in wealth amassed by founders and promoters by fairness and share choices, as revealed within the corporations’ purple herring prospectuses…
