OYO Rooms to buy back ESOPs worth $7m in January

OYO Rooms, India’s second-most valuable startup, will hold a share buyback in January, the first in a series of programmes that is expected to yield its former and current employees a total of $150-200 million over the next two to three years. About 250 ESOP (employee stock ownership plan) holders of OYO will be able to offer their shares in the first round estimated at about ₹40-50 crore. The hospitality chain declined to name the investor who will buy the shares.