Paytm dad or mum firm One97 Communications on Friday introduced approval of grant of 91,250 inventory choices below ESOP 2019. The Nomination and Remuneration Committee of the corporate’s board has additionally authorized allotment of absolutely paid-up 2,91,388 fairness shares having face worth of Rs 1 every to eligible workers below ESOP 2008 and 2019, as per a inventory alternate submitting.
It stated every inventory choice (of 91,250 inventory below ESOP 2019) is convertible into one absolutely paid up fairness share having face worth of Rs 1 every. The train value per inventory choice is Rs 9.
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The corporate additional stated that out of the full fairness shares allotted to eligible workers, 2,86,997 fairness shares have been below One 97 Staff Inventory Choice Scheme 2019 (ESOP 2019) and 4,391 fairness shares below ESOP 2008.
These have been issued on April 4, 2024, in accordance with the submitting.
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After the allotment, the fairness shares capital of the corporate has elevated to over Rs 63.57 crore.
