Falling Paytm is distributing Paytm shares at Rs.9 per share under esops

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Payments major Paytm’s parent company One97 Communications has increased its Employee Stock Option Plan (ESOPs) to the employees even as the share prices of the company continues to fall.

Paytm, however, hasn’t disclosed the number of employees who have been granted the new ESOPs. The company said that it has granted 3.97 million stock options to the eligible employees. Each stock option is convertible into one fully paid these options up equity share having face value of Rs 1 each.

The company said that the exercise price of these stock options is Rs 9 each.

In another stock exchange filing, Paytm said that it has also allotted 1.7 lakh equity shares to its employees.

“Consequent to aforesaid allotment, the issued, subscribed and paid-up equity share capital of the company stand increased from approximately 64,85,67,292 (consisting of 64,85,67,292 equity shares of face value of Rs 1 each) to approximately 64,87,44,406 (consisting of 64,87,44,406 equity shares of face value of Rs 1 each),” the company said.

Meanwhile on BSE, Paytm was trading at Rs 555.8 per piece on Monday, a 2.17 per cent decline from previous close. Paytm’s market capitalization has also seen a free fall with over Rs 36000 crore (or over $5 billion) market cap now, a substantial decline from its massive $16 billion valuation when it listed on stock exchanges last year in November.

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Deal Subedar Deal Subedar
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Mereko Aaj thak paytm jitna cashback diya hai utna wasool liya hai. 😝

Deal Cadet Deal Cadet
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Old news – or is it a norm to talk how shitty paytm stock is every once in a while

Community Angel Community Angel
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InvestPotato wrote:

Mereko Aaj thak paytm jitna cashback diya hai utna wasool liya hai. 😝

wo kaise bhai

Deal Subedar Deal Subedar
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drupal wrote:

wo kaise bhai

stock me loss kara ke 

Deal Cadet Deal Cadet
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drupal wrote:

ye ipo se pahle ka link hai wo 10th may 2022 ka link hai

talking abt heading
News can be new as per latest data but my point of old news was on ESOP nothing else, peace 😄!!

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