Wealth-tech startup Dezerv on Wednesday said it has concluded its Employee Stock Ownership Plan (ESOP) buyback programme, facilitating the liquidation of vested stock worth up to Rs 46 crore ($5.3 million) for eligible current and former employees.

While the buyback aimed to give early employees an opportunity to create liquidity through their ESOPs, the company said employees largely wanted to remain invested.

“We remain committed to delivering the highest quality investment experience to India’s wealth creators. A crucial part of ensuring this is the motivation and alignment of the team with our values. This ESOP buyback is one among many such aspects of our culture,” said Sandeep Jethwani, Co-founder of Dezerv, in a statement.