India: Paytm share sale creates more than 20 millionaires

Visual from Patytm website.

More than 100 former and current employees of Paytm have become rupee millionaires as India’s second largest start-up completed stock sales worth Rs500 crore.

This includes Rs300 crore from the latest secondary sale of shares, which valued the digital payments and e-commerce platform at $10 billion. This is the company’s second sale of Esop (employee stock ownership plan) units after a Rs200 crore cash out by staff in mid-2017.

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