These Flipsters have turned millionaires even as Sachin Bansal, Binny Bansal become billionaires
Recently, Flipkart co-founder Binny Bansal had announced 100 percent buyback of vested employee stock options (ESOPs) with reports suggesting that it could be around $150 (Rs 10,000) a share, according to a Times of India report. The biggest buyout deal of Walmart has boosted ESOPs (employee stock ownership plans) of Flipkart to a total of $2 billion. The largest e-commerce deal has also propelled Flipkart's valuation and ensured a good deal for former and current employees with stocks to get benefitted out of this mega acquisition.
The mega Walmart-Flipkart deal may have created some tough competition for their bitter rivals like Amazon and Alibaba, but nearly hundreds of current and former employees of Indian e-commerce giant Flipkart, it has come as a blessing! Image source: PTI