Mumbai: Flipkart‘s board has approved a second Esop (employee stock ownership plan) liquidity event, allowing eligible employees to liquidate up to 5% of their outstanding options vested over the past three years at Rs 713.4 per option, an internal email from group CEO Kalyan Krishnamurthy showed.The second liquidity event is likely to be around $25 million, said people in the know and is part of Flipkart’s $50 million employee stock buyback plan launched in July last year.“….last year, we had shared that there would be two liquidity events, with the second being subject to us meeting certain goals…after reviewing the progress we have made together, the Board has approved this second discretionary Esop liquidity event,” Krishnamurthy told employees. “Despite a challenging macroeconomic environment, our growth has remained strong,” said Krishnamurthy. The payouts to employees will be made in Aug. Flipkart’s $50 million employee stock buyback plan announced last year is estimated to have benefited more than 7,000 employees.