Swiggy announces ESOP liquidity programme

Food ordering platform Swiggy on Monday announced a secondary liquidity programme for its employees who were part of the employee stock ownership plan (ESOP) of the company.

According to the people in know of the matter, the total quantum of the secondary liquidity programme is between $7-9 million and it will be completed by April 2021.

Under the programme, employees will be able to sell their shares to investors in the company.

This programme will see participation from the family offices of leading industrial houses in India and a few individuals who are stalwarts in their respective fields, Swiggy said in a statement.

The company, however, did not disclose the name of the investors.