Flipkart's ex-employees can sell 30% of their ESOPs
Flipkart will repurchase up to 30% of its former employees' ESOPs (Employee stock ownership plan) at â¹8,400-8,700 share price, the company has said. Current employees will reportedly be allowed to liquidate 50% of their vested ESOPs during the first year after Flipkart-Walmart deal and 25% in the second and third year. Walmart is set to acquire 77% Flipkart stake.