Paytm has distributed 4,05,190 equity shares to eligible employees through its employee stock ownership plan (ESOP)
On November 7, the company's board approved the allocation of 4,05,190 equity shares with a face value of INR 1 apiece to eligible employees under the Employees Stock Option Scheme 2019
Paytm's equity share capital now stands at INR 63,71,37,829 Cr, up from INR 63,67,32,639 Cr before the latest issuance
Paytm's stock is up 4.5% to INR 831.40 a share on the BSE during the intraday trading session
The company's market capitalization is INR 52,976.16 crore
In October, the fintech firm increased its ESOP pool by giving employees 4.81 lakh stock options
Paytm reported a consolidated profit after tax (PAT) of INR 930 Cr in Q2 FY25, compared to a loss of INR 292 Cr the previous year
This development follows the availability of a new feature that allows users to download UPI transaction statements directly from the app
The new feature aims to simplify cost tracking, budget management, and tax filing
Startups across sectors are expanding and offering stock option programs to eligible employees