CarDekho to offer ESOP scheme worth $3.5 mn
Automobile portal CarDekho said it will offer an ESOP cash-out scheme worth USD 3.5 million (over Rs 24 crore) to about 100 of its current and former employees.
CarDekho will allow eligible employees (current and former) to cash out 50 per cent of their vested options under Girnarsoft group's ESOP Exercise and Secondary Sale Plan, a statement said.
"The current discretionary ESOP cash-out scheme is valid for both existing employees who have served 2 years and former employees who have served 4 years in the company and held vested options as of 31st January 2020," it added.
The cash-out, estimated to be worth USD 3.5 million, is the second one this financial year, it added.
The first ESOP cash out was announced in April last year, where Jaipur-headquartered CarDekho had bought ...