Paytm’s Vijay Shekhar Sharma foregoes 2.1 crore ESOPs amid SEBI scrutiny

Paytm on Wednesday said that its founder and CEO Vijay Shekhar Sharma has voluntarily surrendered 2.1 crore employee stock options (ESOPs) that were previously granted to him. The move comes just months after the Securities and Exchange Board of India (SEBI) issued show-cause notices citing violations in the issuance of share-based employee benefits.