Meesho Enables ESOP Buyback for 20 Employees

February 13, 2020

Meesho is the social commerce startup, enabled certain employees to sell their shares in the company in an Employee Stock Option Plan (ESOP) buyback, becoming the latest in a series of growth-stage firms which have given certain employees a windfall in cash. ‘Out of 60 people who were eligible, about 20 people exercised the option for a collective $1 million ( Rs 7 crore), where Naspers acquired the shares,’ Meesho’s co-founder and CEO Sanjeev Barnwal said to media.
In 2015 founded by IIT Delhi batchmates Vidit Aatrey and Sanjeev Barnwal, Meesho is a platform that connects manufacturers with re-sellers, who eventually sell these products to users through social media platforms such as WhatsApp and Facebook. Meesho also provides services such as payments and logistics to these re-sellers which enables ease of transactions and sales.
Out of the company’s 800 employees, about 200 hold stock options. Some ‘eligible employees believe in our growth and think it is too early to cash out’. The people who have cashed out from the buyback have been Meesho employees for one-four years, indicating that some newer employees cashed out as well.
Read EquityPandit’s Nifty Outlook for the Week

INDEX OUTLOOK MARKET OUTLOOK NIFTY AUTO

NIFTY AUTO Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USERMay 31, 2024

May 31, 2024

NIFTY AUTO closed the previous week on a negative note losing 2.84%.

Technically, NIFTY AUTO share price will see immediate support at 23,156.87 and immediate resistance would be seen at 23,839.52.

If NIFTY AUTO share price closes below immediate support of 23,156.87, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 22,894.13 for the week.

On the positive side, immediate resistance will be seen at 23,839.52. Closing above 23,839.52, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 24,259.43 for the week.

Trading range for NIFTY AUTO share price for this week should be between 22,474.22 on down side and 24,522.17 on up side.

NIFTY AUTO Previous Week High: 23996.7

NIFTY AUTO Previous Week Low: 23314.05

NIFTY AUTO Previous Week Range: 682.65 Points

NIFTY AUTO share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type	Value
Resistance 3	24,522.17
Resistance 2	24,259.43
Resistance 1	23,839.52
Support 1	23,156.87
Support 2	22,894.13
Support 3	22,474.22

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INDEX OUTLOOK MARKET OUTLOOK NIFTY AUTO

NIFTY AUTO Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USERMay 24, 2024

May 24, 2024

NIFTY AUTO closed the previous week on a negative note losing 3.48%.

Technically, NIFTY AUTO share price will see immediate support at 23,382.73 and immediate resistance would be seen at 24,219.38.

If NIFTY AUTO share price closes below immediate support of 23,382.73, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 22,874.02 for the week.

On the positive side, immediate resistance will be seen at 24,219.38. Closing above 24,219.38, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 24,547.32 for the week.

Trading range for NIFTY AUTO share price for this week should be between 22,546.08 on down side and 25,056.03 on up side.

NIFTY AUTO Previous Week High: 24038.6

NIFTY AUTO Previous Week Low: 23201.95

NIFTY AUTO Previous Week Range: 836.65 Points

NIFTY AUTO share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type	Value
Resistance 3	25,056.03
Resistance 2	24,547.32
Resistance 1	24,219.38
Support 1	23,382.73
Support 2	22,874.02
Support 3	22,546.08

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INDEX OUTLOOK MARKET OUTLOOK NIFTY AUTO

NIFTY AUTO Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USERMay 17, 2024

May 17, 2024

NIFTY AUTO closed the previous week on a negative note losing 5.38%.

Technically, NIFTY AUTO share price will see immediate support at 22,480.05 and immediate resistance would be seen at 23,739.10.

If NIFTY AUTO share price closes below immediate support of 22,480.05, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 21,674.45 for the week.

On the positive side, immediate resistance will be seen at 23,739.10. Closing above 23,739.10, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 24,192.55 for the week.

Trading range for NIFTY AUTO share price for this week should be between 21,221.00 on down side and 24,998.15 on up side.

NIFTY AUTO Previous Week High: 23386.95

NIFTY AUTO Previous Week Low: 22127.9

NIFTY AUTO Previous Week Range: 1259.05 Points

NIFTY AUTO share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type	Value
Resistance 3	24,998.15
Resistance 2	24,192.55
Resistance 1	23,739.10
Support 1	22,480.05
Support 2	21,674.45
Support 3	21,221.00

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INDEX OUTLOOK MARKET OUTLOOK NIFTY AUTO

NIFTY AUTO Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USERMay 10, 2024

May 10, 2024

NIFTY AUTO closed the previous week on a negative note losing 4.50%.

Technically, NIFTY AUTO share price will see immediate support at 22,205.95 and immediate resistance would be seen at 23,241.20.

If NIFTY AUTO share price closes below immediate support of 22,205.95, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 21,565.00 for the week.

On the positive side, immediate resistance will be seen at 23,241.20. Closing above 23,241.20, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 23,635.50 for the week.

Trading range for NIFTY AUTO share price for this week should be between 21,170.70 on down side and 24,276.45 on up side.

NIFTY AUTO Previous Week High: 22994.55

NIFTY AUTO Previous Week Low: 21959.3

NIFTY AUTO Previous Week Range: 1035.25 Points

NIFTY AUTO share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type	Value
Resistance 3	24,276.45
Resistance 2	23,635.50
Resistance 1	23,241.20
Support 1	22,205.95
Support 2	21,565.00
Support 3	21,170.70

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INDEX OUTLOOK MARKET OUTLOOK NIFTY AUTO

NIFTY AUTO Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USERMay 3, 2024

May 3, 2024

NIFTY AUTO closed the previous week on a negative note losing 3.85%.

Technically, NIFTY AUTO share price will see immediate support at 22,064.65 and immediate resistance would be seen at 22,944.30.

If NIFTY AUTO share price closes below immediate support of 22,064.65, then sharp breakdown can be seen. NIFTY AUTO share price will see major support at 21,587.95 for the week.

On the positive side, immediate resistance will be seen at 22,944.30. Closing above 22,944.30, NIFTY AUTO share price will see a sharp breakout. Major resistance for NIFTY AUTO share price will be seen at 23,347.25 for the week.

Trading range for NIFTY AUTO share price for this week should be between 21,185.00 on down side and 23,823.95 on up side.

NIFTY AUTO Previous Week High: 22870.55

NIFTY AUTO Previous Week Low: 21990.9

NIFTY AUTO Previous Week Range: 879.65 Points

NIFTY AUTO share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type	Value
Resistance 3	23,823.95
Resistance 2	23,347.25
Resistance 1	22,944.30
Support 1	22,064.65
Support 2	21,587.95
Support 3	21,185.00

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