Swiggy employees get pre-IPO cash out: Tax implications of ESOP programme

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Swiggy employees get pre-IPO cash out: Tax implications of ESOP programme - Business Standard

Quick Summary:

Swiggy unveils a massive $65 million ESOP programme allowing employees to cash out before IPO, Here are the details on ESOPs, tax implications, and more.

While Swiggy's ESOP programme offers liquidity and potential benefits, employees still face tax challenges due to the way ESOPs are taxed in India.

The program allows employees to sell a portion of their company stock options for a combined total of up to $65 million.