Flipkart staff to get richer, Walmart to buy ESOPs worth $800 mn
Flipkart's current and former employees will get richer from their stock options as the e-commerce startup announced in a letter that they will be able to liquidate their ESOPs at $126-128 a unit. Walmart is obligated to buy 6,242,271 shares from Flipkart's ESOP pool of 11,947,026 shares, a regulatory filing said. The worth of Flipkart's total ESOP is $1.5 billion.