Licious opens its first-ever Esop buyback option worth Rs 30 crore

Tech-first full-stacked direct-to-consumer fresh meat and seafood brand Licious has opened its maiden employee stock ownership plan (Esop) monetisation option for its employees, said a statement issued today.

For the first time ever, the blue-collared workforce along with other eligible employees will be able to monetise their Esops. The buyback option worth Rs 30 crore is set to benefit close to 600 employees, providing meaningful and real-time wealth creation opportunities, the company said.

“We have always believed in providing employees collective ownership of the organisation's destiny. All our policies reflect that, and the Esop programme enables this core belief. Earlier this year, we issued grants to more than 1,100 employees, recognising their contribution to the company. And now it is time for us to enable the monetisation process,” said Abhay Hanjura and Vivek Gupta, cofounders, Licious.


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