News
India
ESOPDhan budget expectations on vested ESOPs of unlisted firms

NITN | @notintownlive | 23 Jan 2023, 06:07 am

ESOPDhan budget expectations on vested ESOPs of unlisted firms ESOPDhan

Bengaluru: ESOPDhan co-founder Nitin Agarwal, an angel investor, has said he expects the upcoming Union Budget to reduce the holding period of ESOP shares of unlisted companies from two years to one year for purposes of capital gain.

"This would make ESOPs a more attractive tool to retain and reward employees, especially among startups that are today seen as major job creators," Agarwal said.

ESOPDhan, the financial services firm that has lent about Rs 20 crore to 15 Bengaluru and Hyderabad based employees of US-based high growth tech companies to exercise their vested ESOPs is looking to build a loan book of Rs500 crore by 2025.

#UnionBudget   #Budget   #ESOP  

Air India Express woos flye ...

Air India Express has rolled out a new “Book Direct” campaign, encouraging passengers to book tickets directly through its website or mobile app.

Air India offers flat fare ...

Air India has launched a promotional sale, 'One India', offering flat fares for flights from India to anywhere in Europe. 

Savour the taste of Onam on ...

Emirates will be serving authentic Onam dishes across all cabin classes on its flights to and from Dubai to Kochi and Thiruvananthapuram until Sept 6, the airline has announced.