Paytm allots 7,97,426 shares to its employees as stock options

Paytm allots 7,97,426 shares to its employees as stock options

The stock options are convertible to equity shares with a face value of Rs 1 per unit.

FPJ Web DeskUpdated: Thursday, February 02, 2023, 07:46 PM IST
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Paytm CEO Vijay Shekhar Sharma | File image

According to a regulatory filing, e-wallet provider Paytm has allotted 7,97,426 shares as stock options for its employees with an exercise rate of Rs 9 per unit.

The stock options are convertible to equity shares with a face value of Rs 1 per unit. To increase its market share against competitors such as Google Pay and PhonePe, Paytm has also announced cashbacks on UPI transactions and bill payments for consumers.

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