Paytm employees bound by IPO can add up to 5.45 lakh shares of monetization

Digital payments and finance firm Paytm have acquired more than 5.45 lakh shares from 20 additional employees to make money in its upcoming IPO.

As a result of the control of One97 Communications (OCL), about 20 other employees have converted their ESOPs to 5,45,735 shares.

Earlier, 200 former employees and employees had converted their ESOPs into stocks, taking a total of 220 employees.

Last week, Paytm gave until September 22 time for workers to turn their ESOPs into stocks to make money for the upcoming IPO.

For ‘nominees’ to sell or buy shares, the deadline is September 27, while KMPs (Chief Executive Officers) and stockbrokers, the date is September 22.

Paytm also facilitates loans of up to Rs million crans through its lending partners and will charge interest on these loans for six months so that employees can manage their finances better and become proud company shareholders.

also read : Labor codes are less likely to be used for this purpose

The company has a total paid amount of Rs 60,72,74,082, as of September 2021. It demands an estimated Rs 1.47 lakh crore at the time of the public listing.

Paytm has reported a total turnover of Rs 4.03 lakh crore in the payment industry.

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