Unacademy Shortens ESOP Exercise Window for Ex-Employees

Unacademy, a company that helps people study online, has changed its rules for former employees who have stock options.

Before, they had 10 years to buy these stocks, but now they only have 30 days after leaving the company.

This is because Unacademy is talking about being bought by another company, Upgrad, for much less money than it used to be worth.

If the deal happens, the stocks might not be worth anything because the investors get paid first.

The company's founder, Gaurav Munjal, said this change is to help employees get some benefit before any deal happens.

But many former employees are upset because they have to pay taxes right away and don't have much time to decide.

The company has raised a lot of money from big investors and recently had some leadership changes.