WeWork India goes for ESOP buyback

Co-working company WeWork India has announced its first-ever Employee Stock Ownership Plan (ESOP) surrender exercise, which will allow employees to surrender up to 25% of their vested stock options. WeWork entered India in 2017 and has since then signed 6.4 million sq ft of assets in 45 locations across, Delhi-NCR, Mumbai, Bengaluru, Pune, and Hyderabad. The company recently leased a 54,000 sq ft office space from realty firm Eldeco, marking its entry into Delhi.