Paytm Expands ESOP Pool, Allots Over 1.1 Lakh Stock Options

Paytm Expands ESOP Pool, Allots Over 1.1 Lakh Stock Options

SUMMARY

As per Paytm’s last closing price on Monday, the new stock options amount to over INR 5.4 Cr. 

As a result of this allotment, the startup’s issued, subscribed and paid-up equity shares have increased to 63.63 Cr from 63.62 Cr

The development comes against the backdrop of Paytm showing measures which are a mix of both, for and against its workforce. While it has made 4 ESOP offerings so far in 2024, reports around the company shedding its workforce by 15-20% this fiscal year were also making the rounds lately

Fintech giant Paytm has expanded its employee stock option plan (ESOP) by allotting 1,10,357 equity shares to its eligible employees. 

In an exchange filing, Paytm said, “We wish to inform that the Nomination and Remuneration Committee of the Board of the Company (“Committee”), on August 5, 2024 has approved the allotment of 1,10,357 equity shares having face value of INR 1 each, as fully paid-up, to the eligible employees, upon exercise of vested options under Employee Stock Option Scheme 2019.”

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.