Paytm Allocates 2.8 Lakh+ Equity Shares to its Employees

This ESOP pool expansion is said to be a strategy to retain talent

Paytm has expanded its employee stock option plan or ESOP pool in a bid to retain talent. Amidst the ongoing financial crisis, the fintech firm has allocated 281,394 equity shares to its eligible employees. These fully paid-up equity shares have a face value of one rupee each.

The allocation of stocks has reportedly been done under the Employee Stock Option Scheme 2019 and the Employee Stock Option Scheme 2008.

Source: HR Katha

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