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  

Scoot will steadily increas ...

Singapore/NITN:  Scoot, the low-cost subsidiary of Singapore Airlines (SIA), announced that it will steadily resume flights to and from China buoyed by further relaxation of border restrictions imposed during the pandemic.

IndiGo introduces exclusive ...

Indian carrier IndiGo has announced exclusive flights between Bengaluru to Kolhapur, and connecting flights via Bengaluru from Coimbatore to Kolhapur, effective Jan 13, 2023.

Qantas connects Australia w ...

Qantas, the national airline of Australia, created history on  Sep 14 when QF 67 took off from Sydney’s Kingsford International Airport to touch Bengaluru, the southern Indian city famously known as ‘The Silicon Valley of The East’, completing the non-stop flight in less than twelve hours.