Swiggy announced the second tranche of its two-year employee stock ownership plan (ESOP) liquidity programme on July 24, as part of which the company is repurchasing shares from over 2,000 eligible employees. The total amount of the ESOP buyback spread over the years 2022 and 2023 is $50 million.

The Bengaluru-based food delivery company announced a two-year ESOP liquidity programme for 2022 and 2023 in 2021. Employees of Dineout will also be able to take advantage of the plan this year. Swiggy had purchased

Dineout, a dining out and restaurant tech platform from Times Internet in a deal pegged over $100 million in May last year. “Two years ago, Swiggy announced a one-of-its kind ESOP programme. . . we are happy that we are able to keep our commitment of sharing Swiggy’s success and growth through these wealth creation opportunities,” head of HR Girish Menon said in a statement.