Paytm allots 1,10,357 ESOPs, increasing equity share capital to Rs 636.38 Cr
This is the company's second allotment in a month. On July 7, Paytm said it approved the allotment of 281,394 equity shares.
Fintech major has alloted 1,10,357 equity shares to eligible employees under the Employee Stock Option Plan (ESOP) 2019.
As a result of this allotment, the company's issued, subscribed, and paid-up equity share capital increased from Rs 636,274,090 to Rs 636,384,447 (consisting of 636,384,447 equity shares of face value of Rs 1 each), it said in a regulatory filing on August 5.
This is the company's second allotment in a month. On July 7, Paytm had approved the allotment of 281,394 equity shares to its employees with a face value of Rs 1 each.
The exercise price per share was Rs 9, including a premium of Rs 8 per share.
Last month, One97 Communications Ltd., the parent company of digital payments platform Paytm, reported a consolidated loss of Rs 840 crore for the quarter ending June 30, 2024, as it navigated regulatory sanctions on Paytm Payments Bank.
Operating revenue for the quarter fell by 35.8% year-over-year to Rs 1,501 crore, down from Rs 2,338 crore in the same quarter last year.
Edited by Megha Reddy