ZestyQuokka
Cred doing buyback? It doesn't even make money
Am I missing something here?
16mo ago
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GoofyDonut
Stealth16mo
Buybacks are a way to inflate the stock price!
QuirkyQuokka
Stealth16mo
You are. It isn’t a buy back. It’s basically offering ESOPs from its pool to employees maybe at a discounted price to buy (and with accelerated vested clause).
The reason an employee might buy is given their track record of being able to provide a buy back at a later point.
PeppyMarshmallow
Stealth16mo
What are the chances CRED will have the same fate as PayTM bank? It’s under SEBI’s radar (the peer to peer lending business)
SwirlyTaco
Veritas16mo
They are just a originator of the P2P lending business, theu don't lend or take deposits on their books. Cred as a entity isn't regulated by RBI
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