AppsForBharat announces first ESOP buyback worth Rs 2.1 Cr

Quick Summary:

The buyback will provide 25 employees the opportunity to cash out a portion of their vested stock options.

The raised capital was said to be used for the expansion of Sri Mandir's India and international operations, introduce new temples, launch services, and develop a comprehensive devotional tech stack.

It stands as a testament to our belief in rewarding those who have been instrumental in driving the company’s growth,” said Prashant Sachan, Founder and CEO of AppsForBharat.

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Article Details

Author / Journalist: Abha Warrier

Category: StartupsEconomyBusiness

Markets: India

Topics: Privacy First Stock Appsforbharat Provide Vested Employees Policy Company Buyback Team

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 11:44:38 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 225 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23446602

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