Summary:
Automotive portal CarDekho also said it is buying back shares, for the second time in a year, worth $3.5 million ( `25 crore), benefitting 100 employees. Payments’ firm Razorpay and B2B e-commerce start-up Moglix have also given employees ESOP exits worth millions of dollars. While Razorpay’s investors, Ribbit Capital and Sequoia Capital, purchased shares worth $4 million, benefitting 400 employees, Moglix bought back shares worth `5-10 crore from 25 employees. Similarly, online brokerage Zerodha has also expanded their ESOP allocation as it announced a `200 crore ESOP pool last year. An ESOP (Employee stock ownership plan) refers to an employee benefit plan which offers employees an ownership interest in the organization..