Last week, Paytm had given employees till September 22 to convert their ESOPs into shares for monetization in the upcoming IPO.
Digital payments and financial firm Paytm has received over 5.45 lakh shares from around 20 more employees for monetization in its upcoming IPO.
According to a regulatory filing by One97 Communications (OCL), around 20 more employees have converted their ESOPs for a total of 5,45,735 shares.
Earlier, 200 former and current employees had converted their ESOPs into shares, taking the total number of employees to around 220.
Last week, Paytm had given employees till September 22 to convert their ESOPs into shares for monetization in the upcoming IPO.
For ‘nominees’ to sell or buy shares, the deadline is September 27, while for KMPs (Key Management Personnel) and shareholders, the date is September 22.
Paytm is also facilitating loans up to ₹100 crore through its lending partners and will also bear the interest on these loans for six months so that employees can handle their finances better and still be proud shareholders of the company. To become
The total paid-up capital of the company as on September 2021 is ₹ 60,72,74,082. It is looking for a valuation of around ₹1.47 lakh crore at the time of public listing.
Paytm has reported the highest Gross Merchandise Value in the payments industry of ₹ 4.03 Lakh Crore.
.