Paytm Allots 4 Lakh Equity Shares Under ESOP Plan

Paytm parent One97 Communications Limited has allotted 4,05,190 equity shares to eligible employees under its employee stock ownership plan (ESOP).

In an exchange filing, the company said that its board passed a resolution on November 7 (Thursday) to allot 4,05,190 equity shares of face value INR 1 each to eligible employees upon exercise of vested options under the Employees Stock Option Scheme 2019.

With the fresh allotment, the issued and paid-up equity share capital of Vijay Shekhar Sharma-led company has increased to INR 63,71,37,829 Cr from INR 63,67,32,639 Cr earlier.

Paytm’s stock is currently up about 4.5% at INR 831.40 per share on the BSE during intraday trading session.

With that, the company’s market capitalization stands at INR 52,976.16 Cr.

The fintech giant by granting an additional 4.81 Lakh stock options to employees, in October.

This development comes on the heels of its recent which lets users download their UPI transaction statements directly from the application. This new initiative was aimed at making it easier for users to track expenses, manage budgets, and prepare for tax filing.

(The story will be updated soon.)

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