Ideal Stock News -The business earned Rs 8,183 crore. Shares in employees, became 200 millionaires
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For the company and employees, the owner of Britain's 'The Hut Group' divided his company's profit shares into employees. This led to 200 millionaires working in the company. Mathew Molding, the owner of the e-commerce company, decided to see the company making a profit when the company's shares rose sharply. Matthew divided the shares of his company into 8,500 million pounds, or about 8,183 crore rupees, from his company's profits. He ran a buy back scheme. It was for all employees. Employees were selected by their managers and passed on to the list owner.

Everyone benefited from

this scheme, from the company's drivers to Matthew's personal assistant. Matthew's personal assistant says that she has received so much money that she can take retirement at the age of 36. Matthew said that I wanted everyone to share the profits of myself and the company, so introduced this scheme. Everyone has received a lot of money. At this time a lot of people were saying something against the trade but I was confident that the stock would go up. No one is perfect, but we all definitely want profit and share in money. The Hut Group is an e-commerce business. Matthew Molding is fond of gyming. He has received several business awards. Introduced to many veteran leaders around the world. Matthew is also known for his fabulous parties.

The company

Matthew Molding (48) , operating in 164 countries, founded 'The Hut' group in 2004 with John Gallmore. They have been making a lot of money for the last 16 years. He has given a bonus of 1.1 billion dollars i.e. 8,122 crore rupees to his shareholders.

The Hut Group gave this bonus to its shareholders when the company's shares went up and the company made a profit of Rs 63,505 crore. That too within just 15 days. The group came out with its IPO two months ago. The group currently has a market cap of Rs 80,521 crore. The Hut Group operates in 164 countries around the world. In September this year, Matthew Molding was included in the list of billionaires for the first time by Forbes. The share scheme has directly benefited about 200 employees of the company and now they have become millionaires.

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