Used car retailer Spinny completes $12-M ESOP buyback

Pre-owned car retailing platform Spinny has completed USD 12 million (about INR 90 crore) ESOP (employee stock ownership plan) buyback for its current and former employees. This is the first ESOP buyback that Spinny, which recently onboarded former cricketer Sachin Tendulkar as a strategic investor, has facilitated.