Housing.com boss gives his stake to staff

Mumbai: In a surprise move, Housing.com chief executive Rahul Yadav on Wednesday decided to allot all his personal holding in the company worth Rs150-200 crore to his staff. “Rahul Yadav has decided to allot all his personal shares worth Rs150-200 crore to the employees of Housing.com who number 2,251,” the housing portal said in a late evening statement.

The value of this stock is worth the employees’ one-year salary, it added.The founder of the heavily funded startup justified the move saying, he is “just 26 years old and it’s too early in life to get serious about money etc.”