Flipkart has announced a $50 million employee stock buyback programme, which will provide liquidity to around 7,000\u20137,500 staff members as the Walmart-owned ecommerce giant gears up for a potential IPO. The company, currently valued at $35 billion, will allow employees to sell up to 5% of the options vested over the last three years. <\/p>\n
In a note to employees on Friday, Flipkart group CEO Kalyan Krishnamurthy said that if the company achieves its key goals committed to the board by year-end, another 5% Esop liquidity event could be unlocked early next year. <\/p>\n
\u201cOur core businesses are performing well, and quick commerce continues to scale at an unprecedented pace, delivering unparalleled convenience to our customers,\u201d Krishnamurthy wrote. <\/p>\n
He added, \u201cThe board has approved a discretionary Esop liquidity opportunity (under the Flipkart Stock Option Plan 2012), allowing all active employees as of July 5, 2025, to liquidate up to 5% of their outstanding options vested between July 6, 2022, and July 5, 2025.\u201d The liquidation price is set at $174.32 per option, with payments expected in August 2025. <\/p>\n
Flipkart\u2019s last major Esop buyback took place in 2023, when current and former employees received a one-time cash payout from a $700 million buyback programme.<\/p>\n","protected":false},"excerpt":{"rendered":"
Flipkart has announced a $50 million employee stock buyback programme, which will provide liquidity to around 7,000\u20137,500 staff members as the Walmart-owned ecommerce giant gears up for a potential IPO. The company, currently valued at $35 billion, will allow employees to sell up to 5% of the options vested over the last three years. In a note to employees on Friday, Flipkart group CEO Kalyan Krishnamurthy said that if the company achieves its key goals committed to the board by year-end, another 5% Esop liquidity event could be unlocked early next year. \u201cOur core businesses are performing well, and quick […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-945893","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/945893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=945893"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/945893\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=945893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=945893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=945893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}