IPO-bound Paytm gets shareholders’ nod to more than double its ESOP pool

IPO-bound Paytm gets shareholders’ nod to more than double its ESOP pool

Photo: Reuters

Initial public offering-bound One97 Communications Ltd, which owns Paytm, has received shareholder approval to expand its employee stock ownership plan (ESOP) pool, according to a regulatory filing by the company on Tuesday with the ministry of corporate affairs (MCA).

Paytm will now more than double its ESOP pool from 24.09 million equity options to 61.09 million options, regulatory filings showed.

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