Education: MS in Computer Science (Tier 1 College)
Years of Experience: 5.5
Prior Experience: Top Product based companies
Date of the Offer: April, 2021
Company: Microsoft
Title/Level: L62
Location: Hyderabad, India
Salary: 27 LPA (Including Provident Fund)
Relocation: 0
Signing Bonus: N/A
Stock bonus: $55K stock grant vested over 4 years
Bonus: Performance-based bonus up to 20% of salary every year
Total comp (Salary + Bonus + Stock): ~43 LPA
Benefits: Standard Microsoft benefits
Other details: Negotiated once and increased the stock from 33K to 55K.

I rejected. This is quite a lowball offer for L62 (both base and stock) and they refused to give any JB.