Paytm makes second Esop grant in a month, allots one lakh shares

One 97 Communications, the parent of fintech firm Paytm, said on Thursday that it has approved the grant of over 5.15 lakh employee stock options (Esops) and the allotment of a little over one lakh equity shares, marking the second such Esop exercise in less than a month.

In a stock exchange filing, the company said 5,15,617 stock options were granted to eligible employees under the One 97 Employees Stock Option Scheme, 2019, while 2,63,249 options lapsed during the period.

Each option is convertible into one equity share with a face value of Re 1.