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Upskilling platform Simplilearn completes ESOPs buyback worth Rs.49-Cr

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Edtech platform Simplilearn has announced its first-ever Employee Stock Option Plan (ESOP) buyback worth INR 48.74 crore. The buyback was undertaken as part of the investment by Blackstone earlier this year. The company had offered active employees to liquidate up to 25% of their vested ESOPs as part of this buyback, out of which 65% of them with ESOPs liquidated their options. Simplilearn provides training in cyber security, cloud computing, project management, digital marketing, and data science.