Software-as-a-service unicorn Darwinbox, which specialises in human resource (HR) services, has completed a Rs 86-crore employee stock ownership plan (Esop) buyback, it said in a statement.
This is Darwinbox’s third such programme in four years through which more than 350 employees have sold their stock options to the company.
The company did not disclose the amounts of its previous Esop buybacks but said this was Darwinbox’s largest such exercise.
In Esop buybacks, companies typically facilitate secondary purchases of Esops by external investors….