India, June 26 -- Ahead of filing its draft red herring prospectus (DRHP), fintech major Pine Labs allotted 2.32 Cr shares to its CEO Amrish Rau between January 1, 2025 and June 25, 2025.

Under its second ESOP Plan, Pine Labs Employee Stock Option Plan 2025 (ESOP 2025), the fintech company has granted 6.16 Cr shares to its employees, of which 3.5 Cr shares have vested.

While Rau was allotted 2.32 Cr shares as part of ESOP 2025, other top executives were allotted lakhs of shares under it. The company's ex-CFO Marc Kay Mathenz, who quit earlier this month, was granted 8.42 Lakh shares.

President and CBO Kush Mehra (5.26 Lakh shares), COO Sumit Chopra (4.31 Lakh), CEO of subsidiary Setu Anand Raisinghani (4.17 Lakh shares) were among the ...