Visa processing startup Atlys announces Esop buyback worth Rs 4 crore

Atlys, a visa processing platform, has carried out its first Esop (employee stock ownership plan) buyback worth Rs 4 crore, the company said in a press release.

Under the scheme, eligible employees could sell up to 25% of their vested stock options. The offer was extended across teams and roles, allowing a wide set of employees to participate.

Alongside the buyback, Atlys has also introduced an option enabling staff to increase their long-term ownership in the company.