Hospitality firm OYO Friday said it has launched an offer to around 250 of its existing and ex-employees to liquidate their stock options which would have a realisable value of around Rs 40-50 crore in January 2019. This is being executed through a secondary acquisition programme led by one of our existing investors, and our board members are very supportive of this initiative, OYO said in a statement. The company expects the total ESOP liquidity programme to be worth around USD 150 - USD 200 million over the next few years, it added. OYO is going to implement a strong multi-year staggered liquidity schedule for its ESOP holders by way of facilitating the secondary sale or through other liquidity schemes, it added. Commenting on the development, OYO Hotels & Homes CHRO Dinesh Ramamurthi said: "Today, we are announcing this programme for eligible employees. This is part of our continuing efforts to express our gratitude and reward our employees for their hard work, perseverance, ...
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