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. Zerodha converted itself into a public limited company in 2019 and at present its employees own 6-6.5% stake through ESOPs. Zerodha will allocate newer ESOPs this year, which may push the overall ESOP pool to an 8% shareholding in the company. 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.

Source: Hindustan Times May 28, 2021 17:26 UTC