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Paytm seeks shareholder nod to double the ESOP pool

August 10, 2021

Paytm seeks shareholder nod to double the ESOP pool

Digital payments and finance organization Paytm will look for shareholders’ nod to more than double the shares pool of its employees’ stock option scheme to over 6.1 crores from 2.4 crores under the current plan, as indicated by an EGM notice given by the organization on Monday.

One97 Communications, the parent firm of Paytm, will look for the approval of shareholders at the extraordinary general meeting (EGM) on September 2 to give extra charge of CEO to the organization’s Managing Director Vijay Shekhar Sharma.

“The organization proposes to expand the ESOP pool by 3,70,00,000 equity options, consequently expanding the current ESOP pool from 2,40,94,280 equity options to 61,094,280 equity options under the One97 Employees Stock Option Scheme 2019.

“The last increase in the ESOP pool to the policy was approved by the members in their meeting held on March 26, 2021,” the notification said.

Paytm is gearing up to come up with the country’s greatest initial public offer (IPO) of ₹16,600 crores, which might hit the bourses in October, with valuation likely to be in the range of ₹25,000-30,000 crore.

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digital paymentESOPsFinanceIPOpaytm

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