The millionaires’ club at Indian fintech giant Paytm

Photo: Reuters

Employees of One97 Communications Pvt Ltd, owner of the Paytm app, stand to gain over Rs.6,745 crore ($900 million) at the upper end of the price band of the company’s initial public offering (IPO).

Paytm is seeking a $20 billion valuation for its IPO due to open on November 8. Founder Vijay Shekhar Sharma, however, will account for over two-thirds of this ESOP pool. He is expected to make around Rs.4,515 crore ($602 million) with the 2.1 crore options he was issued for the first time by the company in September.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter