BiryaniEnthu
Cred doing buyback? It doesn't even make money
Am I missing something here?
8mo ago
potatomato
Buybacks are a way to inflate the stock price!
Apradh
Stealth8mo
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
Stealth8mo
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)
Kenpachi
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
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