OYO Rooms, India’s second-most valuable startup, will hold a share buyback in January, the first in a series of programmes that is expected to yield its former and current employees a total of $150-200 million over the next two to three years. About 250 ESOP (employee stock ownership plan) holders of OYO will be able to offer their shares in the first round estimated at about ₹40-50 crore. The hospitality chain declined to name the investor who will buy the shares. “As a part of this effort, eligible option holders both existing and ex-employees will be rewarded for their loyalty and value created over the last four years by way of liquidating a portion of their stock options,” Dinesh Ramamurthi, chief human resources officer at OYO Rooms told Mint. “The eligibility for awarding ESOPs was calculated based on the individual’s role, contribution, and long-term potential. The move by OYO Rooms comes in a year that has seen many startups, including Flipkart, Paytm and Ola, offer cash ...
Pre IPO | Private Equity | Unlisted Shares