One 97 Communications Limited has informed the Exchange regarding Allotment of 1,93,960 equity shares pursuant to exercise of stock options under One 97 Employees Stock Option Schemes
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One 97 Communications (Paytm) has allotted 1,93,960 equity shares of ₹1 face value to eligible employees upon exercise of vested stock options. Of these, 1,93,860 shares were issued under the ESOP 2019 scheme and 100 shares under the ESOP 2008 scheme. The exercise price was ₹9 per share, implying an ₹8 premium per share. Following this allotment, the company's total issued, subscribed and paid-up equity share capital has increased from 63,79,08,591 to 63,81,02,551 equity shares. The newly issued shares carry no lock-in and will rank equally with existing equity shares.
This is a routine ESOP allotment with no lock-in and represents a very small dilution (~0.03%) of total share count, so the direct impact on existing shareholders is minimal. However, it signals continued employee participation in the company's stock-based incentive plans.