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Log9 To Buy Back ESOPs Worth INR 1.5 Cr


Log9 To Buy Back ESOPs Worth INR 1.5 Cr

Log9 said 17 employees are in line to benefit from this year’s ESOP payoutsThe EV battery startup also bought back ESOPs worth nearly INR 1 Cr in 2022Indian startup employees made $196.5 Mn through ESOP buyback programmes in 2022EV battery startup Log9 Materials on Thursday (October 26) announced an employee stock ownership plan (ESOP) buyback plan worth INR 1.5 Cr to reward its employees. In a statement, Log9 said 17 employees are in line to benefit from this year’s ESOP payouts, many of whom have been instrumental in the battery startup’s growth.