Stock Options In India

摘要

A few years ago, TechProcess Payment Services Ltd. looked like a promising destination for India's ambitious young tech workers. The Mumbai-based startup pioneered electronic payments in the country and won the financial backing of high-profile investors such as Goldman Sachs Group Inc. Now 17 former employees are suing TechProcess, which accepted a buyout offer from Ingenico Group SA of France last year, alleging they've been wrongfully deprived of gains on their stock options. It's the latest in a string of lawsuits that's shining a spotlight on what many say is systematic abuse of stock options by Indian startups.