Flipkart employees to receive PhonePe buyback Esop payout this month

  • The $700 million employee stock option buyback that Flipkart is arranging as part of its separation from PhonePe will ultimately result in a one-time cash payment to employees.
  • For each unit of Esop they own in Flipkart, eligible former and present workers would get $43.67 as compensation for the loss of PhonePe’s value in the stock option as a result of its split.
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