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Paytm Parent One97 Communication's Board Approves Grant of 91,250 Stock Options – Prime Time News24


Paytm says every inventory choice (of 91,250 inventory underneath ESOP 2019) is convertible into one totally paid up fairness share having face worth of Rs 1 every.

Paytm’s board has authorised the allotment of totally paid-up 2,91,388 fairness shares having a face worth of Rs 1 every to eligible workers underneath ESOP 2008 and 2019

Paytm dad or mum firm One97 Communications on Friday stated it has authorised the grant of 91,250 inventory choices underneath ESOP 2019. The Nomination and Remuneration Committee of the corporateā€™s board has additionally authorised the allotment of totally paid-up 2,91,388 fairness shares having a face worth of Rs 1 every to eligible workers underneath ESOP 2008 and 2019, as per a inventory alternate submitting.

It stated every inventory choice (of 91,250 inventory underneath 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 full fairness shares allotted to eligible workers, 2,86,997 fairness shares had been underneath One 97 Staff Inventory Possibility Scheme 2019 (ESOP 2019) and 4,391 fairness shares underneath ESOP 2008.

These had been issued on April 4, 2024, in line with the submitting. After the allotment, the fairness shares capital of the corporate has elevated to over Rs 63.57 crore.

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