×
338
Fashion Jobs
NIKE
India Logistics Partner Management Manager
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Chatra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager (up)
Permanent · Mirzapur
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - wb
Permanent · Cooch Behar
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
MUTHOOT FINCORP LTD
Area Manager - Chennai
Permanent · Chennai
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Katihar
VIJAY SYSTEMS ENGINEERS PVT LTD ( UMBERGOAN)
Production Manager
Permanent · Vapi
VIDVAS HR SOLUTIONS PRIVATE LIMITED
sr Manager - Production . Only Leather Bags Exp - Chennai
Permanent · Chennai
SHREE SADGURU MASALA & SPICES IND PVT LTD
Regional Sales Manager
Permanent · Navi Mumbai
MAGNATEK ENTERPRISES
Looking For Area Sales Manager
Permanent · Chennai
BANDHAN LIFE SCIENCE PRIVATE LIMITED
Area Sales Manager
Permanent · Kolkata
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ludhiana
FIRST SOLUTION
Agency Development Manager/Recruitment Development Manager(Insurance)
Permanent · Pune
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Hyderabad (Boards Division)
Permanent · Hyderabad
LN GLOBAL CAREER SERVICES LLP
Required Regional Sales Manager For Pharmaceutical Company
Permanent · Chennai
LN GLOBAL CAREER SERVICES LLP
Required Zonal Sales Manager For Pharmaceutical Company
Permanent · Chennai
LEVI'S
Group Product Manager
Permanent · Bengaluru
AVENUE SUPERMARTS LIMITED
Excellent Opportunity With Dmart _ Production Managers
Permanent · Chikmagalur
ENOAH I SOLUTION INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Bengaluru
KISHOR EXPORTS
Garment Technician
Permanent · Agra
Published
Sep 15, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Paytm employees convert ESOPs to shares ahead of IPO

Published
Sep 15, 2021

As digital payments and e-commerce business Paytm gears up for its initial public offering, a further 40 current and former employees have converted their employees' stock option plan grants into shares for monetisation.

Paytm's upcoming IPO could be one of the largest in India to date


Paytm, owned by One97 Communications, had held an extraordinary general meeting on September 2 and decided to approve raising the ESOP share pool from 2.4 crore to more than 6.1 crore, ET Bureau reported. Prior to Paytm’s meeting, a total of 166 former and current employees had converted ESOPs into shares. With the 40 new additions to the scheme, the total employees and former employees joining the scheme is over 200.
 
“Paytm will facilitate loans of up to Rs 100 crore [$15 million] through its lending partners and will also bear the interest of these loans for six months, so that employees are able to handle their finances better and yet, become proud shareholders of the company,” an anonymous source told the Press Trust of India. 

The business has said it will help its employees wishing to become shareholders to make the transition by facilitating loans wits its established lending partners. This year, Paytm enabled 14 lakh loans from the January to March period alone, according to its draft red herring prospectus. 

With a valuation of Rs 16,600 crore, Paytm’s IPO is expected to be India’s largest market debut for a business to-date as its valuation is around Rs 1.47 lakh crore. 

Copyright © 2021 FashionNetwork.com All rights reserved.