Paytm says every inventory choice (of 91,250 inventory underneath ESOP 2019) is convertible into one absolutely paid up fairness share having face worth of Rs 1 every.
Paytm’s board has accepted the allotment of absolutely paid-up 2,91,388 fairness shares having a face worth of Rs 1 every to eligible staff underneath ESOP 2008 and 2019
Paytm guardian firm One97 Communications on Friday stated it has accepted the grant of 91,250 inventory choices underneath ESOP 2019. The Nomination and Remuneration Committee of the corporate’s board has additionally accepted the allotment of absolutely paid-up 2,91,388 fairness shares having a face worth of Rs 1 every to eligible staff underneath ESOP 2008 and 2019, as per a inventory trade submitting.
It stated every inventory choice (of 91,250 inventory underneath ESOP 2019) is convertible into one absolutely paid-up fairness share having a face worth of Rs 1 every. The train value per inventory choice is Rs 9. The firm additional stated that out of the full fairness shares allotted to eligible staff, 2,86,997 fairness shares have been underneath One 97 Employees Stock Option Scheme 2019 (ESOP 2019) and 4,391 fairness shares underneath ESOP 2008.
These have 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.
