- Flipkart announces $50 million stock buyback for over 7,000 employees amid IPO buzz.
- Indian markets slide for third straight session due to global trade tensions.
- Adani Green and Travel Food Services announce key financial and listing developments.
Walmart-backed Flipkart has rolled out a $50 million employee stock buyback plan benefiting approximately 7,000–7,500 employees. The initiative allows liquidation of up to 5% of vested stock options between July 2022 and July 2025, with payouts fixed at $174.32 per option and disbursements planned for August 2025.
Meanwhile, Indian equity benchmarks tumbled for the third day in a row as global trade tensions intensified. A sudden 35% tariff hike on Canadian imports by the US and retaliatory tariff adjustments by India soured investor sentiment.
Flipkart’s Bold Buyback Signals Confidence Amid Market Uncertainty
Adani Green Energy completed the conversion of 1.08 crore warrants into equity shares, issuing them to Ardour Investment Holding. This strategic allotment indicates continued confidence from long-term institutional investors and reflects Adani‘s steady focus on scaling its renewable energy portfolio.
Travel Food Services is slated to list on the stock exchanges on July 14 after a solid IPO response. The public issue was subscribed 2.88 times overall, with QIBs leading demand. Shares have already been credited to investor demat accounts, while refunds to non-allottees are being processed.
Despite IPO successes and strategic moves by individual companies, the broader Indian stock market remains volatile. Analysts attribute the downturn to geopolitical instability, tariff escalations, and subdued corporate earnings, prompting retail investors to tread cautiously in the short term.
However, optimism persists in pockets. Flipkart’s buyback is seen not only as a wealth-creation tool for employees but also a sign of maturity in India’s startup ecosystem. Market watchers view such moves as a shift toward sustainability and stakeholder alignment ahead of major IPOs.
While market volatility lingers, Flipkart’s proactive move and upcoming listings like Travel Food Services offer glimpses of resilience and investor interest in India Inc.
“In the middle of every difficulty lies opportunity.” – Albert Einstein
