Paytm Allots Over 4 Lakh Shares In Latest ESOP Round
The company previously granted an additional 4,81,000 options in October
Paytm’s parent company, One97 Communications, has distributed over 4,00,000 equity shares to its employees under the Employee Stock Option Scheme (ESOP), following board approval on 7 November 2024. This move underscores Paytm’s ongoing commitment to incentivise and retain top talent, thereby raising the company’s total issued equity capital to INR 63.71 crore.
This recent ESOP distribution is part of Paytm’s regular practice of employee stock option grants, with the company having previously granted an additional 4,81,000 options in October.
The allotment comes at a favorable moment, as Paytm’s stock price has recently appreciated by 4.5 per cent, enhancing the attractiveness of these shares as a long-term incentive for employees.
These developments follow notable shifts within the company, including the recent departure of Chief Product Officer Shreyas Srinivasan, and the acquisition of Paytm’s ticketing platform, Insider.in, by Zomato.
