Paytm Allots Shares and Grants Options Under Employee Stock Plan
22 hours agoBusiness
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Paytm Allots Shares and Grants Options Under Employee Stock Plan

Paytm has allotted over 1.88 lakh equity shares to employees who exercised stock options under its Esop 2019 scheme. The company also approved a fresh grant of 1.23 lakh stock options, valued at approximately Rs 16.6 crore based on the last closing price. This move aims to retain and incentivize employees, a common practice for startups, despite past regulatory scrutiny concerning Esops. The allotment increases Paytm's total outstanding equity shares.

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