E-tailer Flipkart disbursed a fresh set of employee stock ownership plan (Esops), of about $100 million, to its senior and middle-level staff as it looks to retain key talent, The Economic Times reported.

The Esops were issued to select employees across Flipkart and Myntra-Jabong, the report said citing multiple people privy to the development.

The distribution of Esops took place as part of Flipkart's performance assessment programme, which ended last month.

Employees who have been allotted these new shares at a price of $125-130 per unit, will see 25 percent of their stock vest after a year following which, monthly vesting will continue for three years, said the report.

First Published:May 10, 2019 9:42 AM IST