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Ashish Singh

Finding my self 😶‍�... • 2m

Big Move by Paytm CEO! Vijay Shekhar Sharma, founder & CEO of Paytm, has voluntarily given up 21 million ESOPs worth over ₹1,800 crore. These ESOPs were granted under the 2019 One 97 Employee Stock Option Scheme. This decision follows SEBI’s show-cause notice over alleged violations in ESOP grants to key shareholders. SEBI also flagged misrepresentation of facts before the IPO, which could have influenced the ESOP allocation. By foregoing the ESOPs, the company will record a non-cash ESOP expense of ₹492 crore in Q4 FY25—helping reduce future ESOP costs. Notably, Sharma had earlier cut his stake from 14.7% to 9.1% ahead of the IPO to qualify for the ESOPs.

4 Replies

Replies (4)

Havish Gupta

Figuring Out • 2m

That's honestly a good move. PayTM's core business Ain't working anymore. It's been a long since i saw someone using Paytm. But wait, why will Paytm record a ₹492 Cr when VSS gave up his ESOPs?

1 Reply

Mridul Das

Introvert! • 2m

amazing 😍

Ashish Singh

Finding my self 😶‍�... • 2m

An ESOP (Employee Stock Ownership Plan) is a program where a company gives its employees shares of the company's stock as a benefit. It’s like giving workers a piece of the company they work for, so they own a small part of it

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Wow 🥳 Paytm Ceo Vijay Shekhar Sharma announced funding for Street dog feeding startup.

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Aravind Saji
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Unicorn Fintech giant Razorpay has announced the extension of Employee Stock Ownership Plans (#ESOPs) worth Rs 1 lakh to all current employees, commemorating its 10-year journey. Will you give ESOP to all your employees?

3 Replies