Paytm grants 3.97 million new stock options to employees

By

Isabelle Crossley

Published
May 10, 2022

E-commerce and digital payments business Paytm has granted 3.97 new stock options to its employees with an exercise price of Rs 9 each.

The stock options initiative was carried out under the ‘One97 Employees Stock Option Scheme 2019’ (‘Esop 2019’), ET Bureau reported. The business has also allotted 177,114 equity shares to a group of its employees, who have exercised their options.

“Consequent to aforesaid allotment, the issued, subscribed and paid-up equity share capital of the company stand increased from approximately 648,567,292 (consisting of 648,567,292 equity shares of face value of Rs 1 each) to approximately 648,744,406 (consisting of 648,744,406 equity shares of face value of Rs 1 each),” said Paytm in a regulatory filing, accessed by ET Tech. 

Paytm’s parent company One97 Communications made its public market listing in November 2021, before which it had granted new ESOPs to 166 former and current employees. These were converted into shares of the company before the IPO, according to regulatory filings at the time. 
 
As reported by both Business Today and The Economic Times, Paytm’s filing to increase its ESOPs follows sharp decreases to its share prices. The business has not disclosed the number of employees to whom the latest ESOPs were granted.