One97 Communication, the parent company of Paytm, has given approval for the allocation of 91,250 stock options
- by B2B Desk 2024-04-05 12:32:26
On Friday, parent company One97 Communications announced that it has approved the allocation of 91,250 stock options under the ESOP 2019. The Nomination and Remuneration Committee of the company's board of directors also approved the allotment of 2,91,388 fully paid equity shares of the company's face value. 1 manat each. . employees under ESOPs for 2008 and 2019, according to the stock exchange.
Each stock option (91,250 shares under ESOP 2019) is convertible into one fully paid equity share of face value Rs 1 each, it said. The exercise price of one stock option is Rs.9.
The company also said that out of the total shares allotted to eligible employees, 2,86,997 shares are under One 97 Employee Stock Option Plan 2019 (ESOP 2019) and 4,391 shares are under ESOP 2008.
According to the documentation, they were released on April 4, 2024.
After the distribution, the authorized capital of the company increased to over Rs 63.57 crore.
Also Read: Paytm gets a third-party license from NPCI. What does this mean for you?
Each stock option (91,250 shares under ESOP 2019) is convertible into one fully paid equity share of face value Rs 1 each, it said. The exercise price of one stock option is Rs.9.
The company also said that out of the total shares allotted to eligible employees, 2,86,997 shares are under One 97 Employee Stock Option Plan 2019 (ESOP 2019) and 4,391 shares are under ESOP 2008.
According to the documentation, they were released on April 4, 2024.
After the distribution, the authorized capital of the company increased to over Rs 63.57 crore.
Also Read: Paytm gets a third-party license from NPCI. What does this mean for you?
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