Flipkart buys back employee stock options worth $100 million
Flipkart has completed its $100-million repurchase of employee stock options (ESOPs), the homegrown e-commerce giant said on Wednesday. The repurchase is reportedly the largest share buyback program in the history of the Indian startup ecosystem. More than 3,000 former and present employees of the Flipkart Group and group companies including Myntra participated in the repurchase, Flipkart said.