IPO-Bound Paytm Expands ESOP Pool By 2.5x, 200+ Employees Convert Option To Shares
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India, Sept. 15 -- After an extraordinary general meeting (EGM) held on September 2, IPO-Bound Paytm has increased its employee stock option plan (ESOP) pool from a little over 24 Mn to 61 Mn - nearly 2.5x. Initially, 166 former and current employees had been allotted over 1 Mn shares at INR 9 each in exchange for their ESOPs including Amit Nayyar, who used to be Paytm's president before his exit in June, as well as Rohit Thakur and Amit Veer who exited the company before the IPO.
According to an MCA filing, 40 current and former Paytm employees, including V Sasiraman of TicketNew - a Chennai-based ticketing startup acquired in 2018 by Paytm - have now converted their ESOP options to 332K shares.
Further, since turning ESOPs to shares w...
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