Paytm says every inventory choice (of 91,250 inventory beneath ESOP 2019) is convertible into one totally paid up fairness share having face worth of Rs 1 every.
Paytm’s board has accepted the allotment of totally paid-up 2,91,388 fairness shares having a face worth of Rs 1 every to eligible staff beneath ESOP 2008 and 2019
Paytm mother or father firm One97 Communications on Friday stated it has accepted the grant of 91,250 inventory choices beneath ESOP 2019. The Nomination and Remuneration Committee of the corporate’s board has additionally accepted the allotment of totally paid-up 2,91,388 fairness shares having a face worth of Rs 1 every to eligible staff beneath ESOP 2008 and 2019, as per a inventory trade submitting.
It stated every inventory choice (of 91,250 inventory beneath ESOP 2019) is convertible into one totally paid-up fairness share having a face worth of Rs 1 every. The train value per inventory choice is Rs 9. The corporate additional stated that out of the entire fairness shares allotted to eligible staff, 2,86,997 fairness shares had been beneath One 97 Workers Inventory Possibility Scheme 2019 (ESOP 2019) and 4,391 fairness shares beneath ESOP 2008.
These had been issued on April 4, 2024, in accordance with the submitting. After the allotment, the fairness shares capital of the corporate has elevated to over Rs 63.57 crore.
