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Stealth

Cred doing buyback? It doesn't even make money

Am I missing something here?

inc42.com

Exclusive: CRED Launches 4th 'Accelerated Wealth Programme'; Records Lifetime ESOP Buyback Of INR 250 Cr

CRED has offered four liquidation opportunities to its employees since its inception, generating ...

9mo ago
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GoofyDonut
GoofyDonut
Stealth9mo

Buybacks are a way to inflate the stock price!

QuirkyQuokka
QuirkyQuokka
Stealth9mo

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.

PeppyMarshmallow
PeppyMarshmallow
Stealth9mo

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)

SwirlyTaco
SwirlyTaco
Veritas9mo

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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