Paytm Allots 4 Lakh Equity Shares Under ESOP Plan

SUMMARY

Paytm dad or mum One97 Communications Restricted has allotted 4,05,190 fairness shares to eligible workers below its worker inventory possession plan

With the recent allotment, the issued and paid-up fairness share capital of Paytm has elevated to INR 63,71,37,829 Cr from INR 63,67,32,639 Cr earlier

The corporate beforehand expanded its ESOP pool by granting an extra 4.81 Lakh inventory choices to workers, in October

Paytm dad or mum One97 Communications Restricted has allotted 4,05,190 fairness shares to eligible workers below its worker inventory possession plan (ESOP).

In an change submitting, the corporate mentioned that its board handed a decision on November 7 (Thursday) to allot 4,05,190 fairness shares of face worth INR 1 every to eligible workers upon train of vested choices below the Workers Inventory Choice Scheme 2019.

With the recent allotment, the issued and paid-up fairness share capital of Vijay Shekhar Sharma-led firm has elevated to INR 63,71,37,829 Cr from INR 63,67,32,639 Cr earlier.

Paytm’s inventory is at the moment up about 4.5% at INR 831.40 per share on the BSE throughout intraday buying and selling session.

With that, the corporate’s market capitalization stands at INR 52,976.16 Cr.

The fintech big expanded its ESOP pool by granting an extra 4.81 Lakh inventory choices to workers, in October.

This improvement comes on the heels of its current launch of a new feature which lets customers obtain their UPI transaction statements straight from the appliance. This new initiative was aimed toward making it simpler for customers to trace bills, handle budgets, and put together for tax submitting.

Moreover, the corporate’s chief product officer and head of shopper merchandise Shreyas Srinivasan stepped down from his role earlier this week, following Zomato’s current acquisition of Insider.in, Paytm’s ticketing and occasions platform.

In the meantime, in October, Paytm posted a consolidated revenue after tax (PAT) of INR 930 Cr within the September quarter of the monetary yr 2024-25 (Q2 FY25), as towards a lack of INR 292 Cr within the year-ago interval. The corporate mentioned that Paytm’s PAT included a one-time distinctive achieve of INR 1,345 Cr on account of sale of its entertainment ticketing business.

Nonetheless, income from operations fell 34% year-on-year to INR 1,1660 Cr within the reported quarter from INR 2,519 Cr, a yr in the past.

Additionally, startups throughout sectors have been increasing and allocating worker inventory possibility plans for his or her eligible workers.

As an example, logistics big Delhivery allotted 73,300 stock options below its ESOP 2012 scheme, earlier this month.

In October, fintech SaaS startup Zaggle alloted nearly 2.29 Lakh equity shares below its ESOP 2022 scheme, and wonder and trend ecommerce main Nykaa allotted 3.08 Lakh equity shares.

Up to date at 12:05 PM