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Meesho and Groww, the blockbuster stock-market debutants of 2025, are up for their first encounter with public shareholders and their return-coloured view of company decisions.

One of the first things they’ll weigh on is these companies’ employee stock option plans (Esops), impacting how attractive they’re as an employer post-listing.

Most companies’ Esop policies undergo a dramatic shift once they list, having to meet investor expectations.

In fact, “Esop is one matter that public........

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