A day after resignation drama, housing.com get new people on board

A 2 day drama that began with a resignation and then withdrawing the same would definitely have some consequences. Well, if you are still confused with what we are jabbering about, Look Up! Housing.com, the real estate start up that shot to media headlines with its badass CEO resigning and saying sorry and withdrawing the resignation, has got the board members conscious.

As per a news report by The Economic Times, the board was revamped yesterday to include representatives of other major shareholders - Nexus Venture Partners and Helion Venture Partners. Earlier, Housing.com board comprised of three members co-founders Rahul Yadav and Advitiya Sharma and SoftBank vice-chairman Nikesh Arora.

In a bid to insensitive new management to join the company, investors in Housing are considering returning about 10 lakh shares to the company to swell the pool of employee stock . Of the total 71.5 lakh shares that constitute of Housing’s authorised share capital, only 2.86 lakh shares are for employee stock options or ESOPs.