By PTI Dec 28, 2018 3:00:09 PM IST (Published)
This is being executed through a secondary acquisition programme led by one of our existing investors, and our board members are very supportive of this initiative, OYO said in a statement.
Hospitality firm OYO Friday said it has launched an offer to around 250 of its existing and ex-employees to liquidate their stock options which would have a realisable value of around Rs 40-50 crore in January 2019.
This is being executed through a secondary acquisition programme led by one of our existing investors, and our board members are very supportive of this initiative, OYO said in a statement.
The company expects the total ESOP liquidity programme to be worth around $150 - $200 million over the next few years, it added.