Paytm Grants 2.44 Lakh Shares to Employees via ESOP

Paytm’s parent company, One97 Communications, has allocated 2.44 lakh equity shares to employees under its Employee Stock Option Schemes (ESOP). This decision was approved by the company’s Nomination and Remuneration Committee. The issued equity share capital has grown marginally as a result. The move underscores Paytm’s focus on rewarding its employees and enhancing retention. Recent announcements have also sparked an 8.5% rise in Paytm’s share prices, reflecting growing investor confidence. This ESOP expansion aligns with Paytm’s broader strategy to motivate its workforce and foster long-term growth.