Dhan buys back Rs 50 Cr worth ESOP from 180 employees

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Stockbroking and investment platform Dhan has completed a company-led ESOP buyback worth nearly Rs 50 crore, providing liquidity to around 180 employees, according to three people aware of the development.

“The buyback was funded entirely from the company’s internal reserves, reflecting its sustained profitability over the past few years. The company has been profitable for the last three years, which enabled it to carry out this ESOP buyback from its own cash reserves,” said one of the sources, requesting anonymity.

“In the liquidity event,…



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Dhan buys back Rs 50 Cr worth ESOP from 180 employees


Stockbroking and investment platform Dhan has completed a company-led ESOP buyback worth nearly Rs 50 crore, providing liquidity to around 180 employees, according to three people aware of the development.

“The buyback was funded entirely from the company’s internal reserves, reflecting its sustained profitability over the past few years. The company has been profitable for the last three years, which enabled it to carry out this ESOP buyback from its own cash reserves,” said one of the sources, requesting anonymity.

“In the liquidity event,…



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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