Employees make big bucks from share sales HNIs
Big bucks from share sales are not just made in the stock market. Employees, especially those working for financial services and ecommerce companies, have started making a killing though their companies are not yet listed. In the past few months, shares of some of India Inc's biggest financial services firms have changed hands in off-market deals as high net worth individuals and brokers chase investment opportunities in companies with a high probability of listing within the next three years. Traditionally, an employee or a small shareholder of an unlisted company had limited options in case of an exit. They could wait for an IPO or sell it back to the management in case there was a buyback arrangement.
Read the Economic Times news report here.