Paytm adds fresh ESOPs worth Rs 215 Cr

Entrackr · 3d

Paytm, operated by One97 Communications, has granted 23.7 lakh stock options under its ESOP 2019 plan, according to NSE. At the current market price of Rs 906 per share, the total value of the grant stands at approximately Rs 215 crore. The development comes a couple of months after One97 Communications' Managing Director and Chief Executive Officer, Vijay Shekhar Sharma, voluntarily surrendered 2.1 crore shares worth about Rs 1,800 crore. Last month, Ant Group, the financial services arm of Chinese conglomerate Alibaba, recently offloaded around a 4% stake in One97 Communications for Rs 2,103 crore (approximately $246 million). According to the disclosure, the stock options carry an exercise price of Rs 9 each. Each option, once vested, is convertible into one fully paid-up equity share. Paytm further noted that 3,46,746 options were lapsed in the existing ESOP plan 2019. Paytm’s revenue declined by 16% year-on-year to Rs 1,911 crore in the fourth quarter of the last financial year ending March 2025, while reducing its losses by 96% to Rs 23 crore in the same period. For the full fiscal year, revenue stood at Rs 6,900 crore and losses were worth Rs 663 crore.