CoinDCX announces Rs 111 crore ESOP buyback for its current and former employees

The buyback is designed to provide tangible wealth creation for over 500 current and former employees of CoinDCX, reinforcing the company’s commitment to a high-performance, ownership-driven culture, according to a statement.

Online Bureau

< />CoinDCX, a leading <a id="20136652" type="General" weightage="20" keywordseo="crypto-exchange" source="keywords" class="news-keywords" href="/tag/crypto+exchange">crypto exchange</a>, has announced its largest-ever ESOP (<a id="21777575" type="General" weightage="20" keywordseo="employee-stock-ownership-plan" source="keywords" class="news-keywords" href="/tag/employee+stock+ownership+plan">Employee Stock Ownership Plan</a>) liquidity event, amounting to Rs 111 crore.<br><br>This strategic buyback is designed to provide tangible wealth creation for over 500 current and former employees of CoinDCX, reinforcing the company’s commitment to a high-performance, ownership-driven culture, according to a statement.<br><br><!– PROMOSLOT_M –>Sumit Gupta, Co-Founder, CoinDCX, said, “This buyback is more than just a financial milestone; It is our way of ensuring that those who stayed the course and fueled our mission can share in the tangible value they’ve helped build.”<br><br><div class="article-detail-ad-slot"><div class="mrec-ads-slot">
                            <div aria-label="Advertising label" class="mrec-ads-slot__legend">
                                <span class="mrec-ads-slot__legend–text" aria-label="Advertisement">Advt</span>
                            </div>

                            <div class="mrec-ads-slot__ad">
                            <div class="widget ad google-ad AS_ATF_300_250 topAd" id="div-gpt-ad-hr-1679038068394-1" style="display:none;"></div>
                            </div>  
                            <div class="mrec-ads-slot__legend bottom"></div>                             
                        </div></div>“We are including former employees because their contribution is permanent. Moving on to new ventures doesn” captionrendered=”1″ data-src=”https://etimg.etb2bimg.com/photo/128600130.cms” equity=”” erase=”” foundation=”” gupta=”” height=”442″ into=”” loading=”eager” our=”” poured=”” src=”https://hr.economictimes.indiatimes.com/images/default.jpg” sweat=”” t=”” the=”” they=”” width=”590″></img></p>
<p>Founded in 2018 as a five-member team in a small 2BHK apartment in Mumbai, CoinDCX has navigated a complex regulatory landscape to emerge as a dominant force in India’s financial technology sector, as per the statement.                    </p>
<div data-msid=

Comments

comment

What are your thoughts?

Join the community of 2M+ industry professionals.

Subscribe to Newsletter to get latest insights & analysis in your inbox.

All about industry right on your smartphone!

  • Download the App and get the Realtime updates and Save your favourite articles.

Leave a Reply

Your email address will not be published. Required fields are marked *