Cred doing buyback? It doesn't even make money
Am I missing something here?
CRED has offered four liquidation opportunities to its employees since its inception, generating a combined wealth of INR 250 Cr
https://inc42.com/buzz/cred-launches-4th-accelerated-wealth-programme-records-lifetime-esop-buyback-of-inr-250-cr/
Apradh
Stealth
6 months ago
You are. It isn’t a buy back. It’s basically offering ESOPs from its pool to employees maybe at a discounted price to buy (and with accelerated vested clause).
The reason an employee might buy is given their track record of being able to provide a buy back at a later point.
DesignTinker
Stealth
6 months ago
What are the chances CRED will have the same fate as PayTM bank? It’s under SEBI’s radar (the peer to peer lending business)
They are just a originator of the P2P lending business, theu don't lend or take deposits on their books. Cred as a entity isn't regulated by RBI
