Bengaluru: Online brokerage Zerodha aims to roll out a buyback plan for its employees worth ₹200 crore at a self-assessed valuation of $2 billion, a senior executive of the company told Mint on Friday. For the fiscal year ending March 2021, Zerodha more than doubled its profit to ₹1,000 crore, Kamath told Mint. As the company does not look to raise external capital, it has to raise liquidity for founders and employees, Kamath said. “We aren’t looking at selling our stake to raise liquidity. The options that are left for us to raise liquidity include salaries, dividends, and buybacks.

Source: Mint May 28, 2021 15:03 UTC