India, Sept. 18 -- IPO-bound Paytm has reportedly sent out an email to its employees stating that the last day to convert their ESOPs (Employee Stock Option Plan) into shares is 22 September for KMPs (Key Management Personnel) and 27 September for "Designated Persons".

Recently, the fintech startup increased its ESOP pool from 24 Mn to 61 Mn, where 200+ employees have converted their ESOPs to shares. Further, since turning ESOPs to shares will cost employees taxes and other fees, Paytm is also facilitating loans of up to INR 100 Cr through its lending partners, bearing the interest of these loans for six months to help "employees handle their finances better and yet, become proud shareholders of the company".

Paytm had a total paid-up c...