Netcore Reinforces Employee-Centricity with ESOP Buyback Plan
New Delhi, Jan. 17 -- Netcore Solutions Private Limited announced the completion of an Employee Stock Ownership Plan (ESOP) buyback for its past and existing employees.
Employees were given the opportunity to encash a major portion of their stock options. This buyback exercise has been a welcome wealth creation opportunity for Netcore employees, boosting personal liquidity and employee
morale.
The buyback saw a return of up to 250 times for employees, depending on the price at which they were given the options. In a parallel exercise, Netcore's holding company also completed a buyback scheme of shares held by current and ex-employees.
This extremely rare buyback scheme, particularly in the SaaS space, has delivered one of the largest ...
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