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| 15dPaytm Expands ESOP Pool With Additional 87K Stock Options
Indian fintech major Paytm has allotted 87,373 stock options under the Employee Stock Option Plan (ESOP) 2019. The exercise price per share for stock options under the scheme is set at INR 9, a premium of INR 8. This move comes as the company's president and COO, Bhavesh Gupta, resigns citing personal reasons. Paytm has been facing various challenges recently, including restrictions imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank and multiple top-level executive exits. The company's stock has also seen a significant decline this year.
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