Licious opens its first-ever Esop buyback option worth Rs 30 crore

Tech-first full-stacked direct-to-consumer contemporary meat and seafood model Licious has opened its maiden worker inventory possession plan (Esop) monetisation possibility for its employees, mentioned a press release issued immediately.

For the primary time ever, the blue-collared workforce together with different eligible staff will have the ability to monetise their Esops. The buyback possibility value Rs 30 crore is about to profit near 600 staff, offering significant and real-time wealth creation alternatives, the corporate mentioned.

“We have now all the time believed in offering staff collective possession of the organisation’s future. All our insurance policies replicate that, and the Esop programme permits this core perception. Earlier this 12 months, we issued grants to greater than 1,100 staff, recognising their contribution to the corporate. And now it’s time for us to allow the monetisation course of,” mentioned Abhay Hanjura and Vivek Gupta, cofounders, Licious.

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