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250 Oyo Employees Set To Make Rs. 50 Crore As Company Approves Share Buyback
Oyo’s been providing hospitality services to its guests for the last few years; its investors are now returning the favour to its employees. An Oyo investor will buy back shares worth Rs. 50 crore from its employees, thus proving them with ready cash in exchange for the equity they held in the startup. Around 250 employees who hold ESOPs in Oyo are likely to benefit from the buyback. Oyo declined to name the investor who’d...