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Online brokerage Zerodha to launch Rs.200-Cr ESOP buyback

Mint  

Stock-trading platform Zerodha is planning another buyback for employee stock ownership plan (ESOPs) in 2021 worth INR 200 crore. Close to 850 employees, representing 85% of Zerodha's employee base, will be eligible to participate in the buyback, which is expected to be rolled out in July. It will allow employees to sell up to 33% of their vested ESOPs to the company at a valuation of USD 2 billion.