Topic
cash out
Finance Flipkart Greenlights Second ESOP Liquidity Event Allowing Up to 5% Cash-Out of Vested Options
Flipkart's board has approved a second employee stock ownership plan (ESOP) liquidity event, allowing eligible employees to liquidate up to 5% of their outstanding options vested over the past three years at Rs 713.4 per option. The event, estimated at $25 million, is part of a $50 million employee stock buyback plan launched in July last year, which has benefited over 7,000 employees. Payouts are scheduled for August.
Technology Startup Backers Cash Out Rs 97,000 Crore as Public Markets Become Primary Exit Route
A Business Today report reveals that early investors in Indian listed startups have sold shares worth nearly Rs 97,252 crore since 2021. The exits, spanning IPOs and block deals, underscore public markets as the primary exit route for venture capital and private equity investors after years of backing high-growth companies.
Business India's IPO Boom: A Cash-Out Avenue for Foreign Firms
India's IPO market is increasingly being used by foreign firms as a cash-out mechanism, with $5 billion repatriated through Offer for Sale (OFS) issues. High valuations in Indian markets are driving this trend, impacting the Indian rupee and capital outflows.