Based on Paytm’s stock closing price of INR 899.65 apiece on Friday, the total value of these stock options is estimated at INR 18.27 Cr
In addition to the new stock options, Paytm also reported the cancellation or lapse of 17.68 Lakh stock options
Earlier this month, Paytm allotted 1.48 Lakh equity shares to its eligible employees under various employee stock option plan (ESOP) schemes
Listed fintech Paytm has expanded its employee stock option plan (ESOP) by granting 2.03 Lakh (2,03,137) stock options under its ESOP Plan 2019.
In an exchange filing on January 17, the company said, “We wish to inform you that the Nomination and Remuneration Committee of the Board of the Company (“Committee”), at its meeting held on January 17, 2025, has approved the grant of 2,03,137 stock options to the eligible employees under One 97 Employees Stock Option Scheme 2019 (“ESOP 2019”).”
The company stated that each stock option can be converted into one fully paid-up equity share with a face value of INR 1 each.
Based on Paytm’s stock closing price of INR 899.65 apiece on Friday, the total value of these stock options is estimated at INR 18.27 Cr.
In addition to the new stock options, Paytm also reported the cancellation or lapse of 17,68,469 stock options. This includes the cancellation of 44,848 stock options, in line with the terms and conditions of the ESOP 2019 plan.
Earlier this month, Paytm allotted 1.48 Lakh equity shares to its eligible employees under various employee stock option plan (ESOP) schemes.
Paytm has seen several developments related to ESOPs in recent months. In December 2024, the fintech major allotted 2.44 Lakh equity shares to eligible employees under its ESOP 2019 and ESOP 2008 schemes.
Additionally, it also set aside 4 Lakh equity shares for its eligible employees under ESOP 2019 in November 2024.
Among the other developments, eight Paytm officials have settled the case with the markets regulator. These individuals paid a cumulative sum of INR 3.32 Cr, without admitting or denying the findings of SEBI, to settle the case.
On the financial front, the fintech major turned profitable in Q2 FY25posting a net profit of INR 930 Cr as against a loss of INR 292 Cr in the year-ago period. The profitability came on the back of the company selling its ticketing arm Paytm Insider to Zomato for INR 2,048 Cr in the September quarter.
In the December quarter, Paytm sold its stock acquisition rights (SARs) in Japanese digital payments firm PayPay Corporation for INR 2,364 Cr ($279.19 Mn) to SoftBank’s Vision Fund 2.
The company is set to disclose its financial numbers for Q3 FY25 on January 20.
Comments are closed.