One 97 Communications Limited has informed the Exchange regarding Allotment of 1,88,879 equity shares pursuant to exercise of stock options under One 97 Employees Stock Option Scheme
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Paytm's parent company One 97 Communications has allotted 1,88,879 equity shares to eligible employees who exercised their vested stock options under the ESOP 2019 scheme. The shares have a face value of ₹1 each and were issued at an exercise price of ₹9 per share (₹1 face value + ₹8 premium). Following this allotment, the total issued and paid-up share capital has risen from ₹63,95,39,256 to ₹63,97,28,135 (63,97,28,135 equity shares). The newly issued shares carry no lock-in and will rank equally with existing shares.
This is a routine ESOP allotment with a very small dilution (about 0.03% of total share capital) and is unlikely to have any meaningful impact on the stock price. It signals continued employee participation in the company's stock option plan.