Unacademy’s Gaurav Munjal Issues Clarification On Changing ESOP Exercise Window

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SUMMARY

Gaurav Munjal said Unacademy is under M&A discussions at a similar valuation for an all-stock deal where there will be no cash involved

Munjal apologised for the early ESOP exercise window and said even his shareholding is half in ESOPs

Earlier reports said that Ronnie Screwvala’s upGrad was in advanced talks to acquire Unacademy for about $300 Mn

Unacademy Group CEO and cofounder Gaurav Munjal has issued a clarification on the controversy surrounding the edtech startup’s decision to reduce the ESOP exercise…



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Unacademy’s Gaurav Munjal Issues Clarification On Changing ESOP Exercise Window


SUMMARY

Gaurav Munjal said Unacademy is under M&A discussions at a similar valuation for an all-stock deal where there will be no cash involved

Munjal apologised for the early ESOP exercise window and said even his shareholding is half in ESOPs

Earlier reports said that Ronnie Screwvala’s upGrad was in advanced talks to acquire Unacademy for about $300 Mn

Unacademy Group CEO and cofounder Gaurav Munjal has issued a clarification on the controversy surrounding the edtech startup’s decision to reduce the ESOP exercise…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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