Esops worth Rs 3,200 crore bought back by startups

Nearly 40 Indian startups have bought back Rs 3,200 crore worth of shares since July 2020 from employees who had been given stock options, according to data compiled for ET by ESOP Direct. This in a way debunks the notion that employee stock options are just “paper money” or a hypothetical number, as an increasing number of Indian new-age companies create an opportunity for their employees to make their stock holdings meaningful by converting