Paytm parent One97 Communication approves grant of 91,250 stock options
After the allotment, the equity shares capital of the company has increased to over Rs 63.57 crore.
Paytm parent company One97 Communications on Friday announced the approval of a grant of 91,250 stock options under ESOP 2019.
The Nomination and Remuneration Committee of the company's board has also approved the allotment of fully paid-up 2,91,388 equity shares having a face value of Rs 1 each to eligible employees under ESOP 2008 and 2019, as per a stock exchange filing.
It said each stock option (of 91,250 stock under ESOP 2019) is convertible into one fully paid-up equity share having a face value of Rs 1 each. The exercise price per stock option is Rs 9.
The company further said that out of the total equity shares allotted to eligible employees, 2,86,997 equity shares were under One 97 Employees Stock Option Scheme 2019 (ESOP 2019) and 4,391 equity shares under ESOP 2008.
These were issued on April 4, 2024, according to the filing.
After the allotment, the equity shares capital of the company has increased to over Rs 63.57 crore.
Catch the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
05:02 PM IST