India: Paytm seeks shareholders' nod to expand ESOP pool before IPO

India: Paytm seeks shareholders' nod to expand ESOP pool before IPO

FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave

In a notice to its shareholders on Monday, One97 Communications Ltd (OCL), the parent which owns Paytm, said that it will be expanding its employee stock ownership plan (ESOP) pool, and will be holding an extra-ordinary general meeting (EGM) on September 2 to seek their approval.

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