New Delhi, Feb 14 (PTI) Business-to-business e-commerce and supply chain enablement platform Bizongo has announced the completion of its first employee stock ownership plan (ESOP) buyback programme worth USD 3.7 million.

While 102 of Bizongo's former and current employees were eligible for the buyback, only 70 per cent of employees opted to liquidate ESOPs from the pool worth USD 4.8 million, the company said in a statement.

Also Read | Infinix Zero 5G Debuts in India at Rs 19,999; Check Details Here.

"Bizongo concludes maiden buyback, liquidates ESOP worth USD 3.7 million," the company said.

ESOPs have been a part of the company's talent welfare program strategy from the beginning and given across all levels of employees at different stages of their tenure with the company in the form of joining bonuses or annual bonuses and rewards, it added. HRS hrs

Also Read | RBI Recruitment 2022: Apply for 950 Assistant Posts on rbi.org.in; Check Details Here.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)