PhonePe given shares to each employee worth of rupees 3 Lakh.

PhonePe given shares to each employee worth of rupees 3 Lakh.

PhonePe has given stock worth of $200 million (about Rs 1,458.6 crore) to its 2,200 employees, In India one of the largest employee stock ownership plans (ESOP) by a startup, payments major PhonePe has issued shares worth of Rs. 1,500 crore to all its 2,200 staff across all employees.

What Is an Employee Stock Ownership Plan (ESOP)?

An employee stock ownership plan (ESOP) is an employee benefit plan that gives workers ownership interest in the company. ESOPs give the sponsoring company, the selling shareholder, and participants receive various tax benefits, making them qualified plans. Companies often use ESOPs as a corporate-finance strategy to align the interests of their employees with those of their shareholders.

As per management The PhonePe stock option plan is a core component of the company's compensation philosophy "crafted to encourage collaboration, long-term focus and organization-first thinking,".

In 2018, Flipkart was acquired by Walmart, and PhonePe was also part of the transaction.

Comments

Whatsapp will stop working from 1st January 2021 on many iOS and Android devices.

WhatsApp will stop working on many iOS and Android devices starting January 1, 2021. There are many Android and iOS devices that may not be able to run the app as the company will withdraw support for older versions of OS from next year. As per the WhatsApp updates, Application will support the following devices on iOS and Android Platform:- Android - 4.0.3 OS or above iOS - iOS 9 or above Below are the listed devices which stops supporting WhatsApp application:- HTC Sensation Google Nexus S Sony Ericsson Xperia Arc LG Optimus 2X Samsung Galaxy S I9000 HTC Desire Motorola Droid Razr Samsung Galaxy S2 Which Operating System your Phone is find out from Settings. iPhone Users go to settings - General - Information contains the operating system OS on your iPhone is running, on the other end Android users can go to Settings - About Phone to get the information.

All About Laptops!!

Important Factors needs to consider before buying a great Laptop. Everyone is looking for the Best laptops for every need and budget, based on various choices available in the market we have picked up some of the great options for You. The best laptops you can buy today 1. Dell XPS 13 2. MacBook Air 3. Lenovo Ideapad S340 4. Lenovo ThinkPad E14 5. Mi Notebook 14 Last but not the least Amazon Prime Day offering wide range of Laptops with very Excited Offers. It can found out by clicking this link - Amazon: Home of Laptops

Complete Health Care range for your Precious Baby.

A Life Changing Movement with New Baby comes into the family and to take care him complete range of products. you planning to buy baby care products but are not sure about the best baby product brands available in the market today? Fret not! Check out these Links to know all the major baby care brands and choose the best one for your precious baby. Amazon Marketplace one stop shop for your all needs: Baby Essentials: Check out the link for more information: One Stop shop for Your Baby, because they worth it!!

moonShineNxt

Search This Blog