Paytm on Monday announced, in a notice addressed to its shareholders, One97 Communications Ltd (OCL). One of the owners of the company that will take actions to elevate the employee stock ownership plan (ESOP) pool before the correspondence of IPO, due to the course of action they will be upholding extra-ordinary general meeting (EGM) September onwards to conceive their allegiance.
They further contributed to acknowledge that the One 97 Employee Stock Option Scheme of 2019 is to alter, by making adequate changes such as initiating an increase in the current ESOP pool from 24,094,280 equity to 61,094,280 equity, constituting at a face value of ₹1 each.
