Grant of 1,77,044 stock options under One 97 Employees Stock Option Scheme, 2019.
PAYTM · price
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One 97 Communications (Paytm) disclosed that its Nomination and Remuneration Committee approved the grant of 177,044 stock options to eligible employees under the ESOP 2019 scheme. The exercise price for these options is ₹9 per option. Additionally, the company allotted 70,504 equity shares (face value ₹1 each) to employees who exercised their vested options. This increased the company's paid-up equity share capital from ₹64,01,09,676 to ₹64,01,80,180. The committee also noted 4,90,055 lapsed and cancelled stock options. Shares allotted upon exercise will not carry any lock-in period.
This is a routine ESOP-related disclosure that results in modest dilution of approximately 0.011% to existing shareholders. The exercise price of ₹9 is significantly below current market levels, which could create future pressure if employees exercise and sell shares, but also indicates management confidence in the company's value.