New Delhi: Paytm Bound IPO Planning for More Than Two Fold Ponds Ownership Plans for Employee Stocks (ESOP), shows letters sent to Fintech Startup Shareholders for the Extraordinary General Meeting (RUGM) which will be held on September 2, say it plans to increase the collection The existing esop of 24,094,280 equity options becomes 61,094,280 equity options at the nominal value of each RS 1, because it will help the company’s prize headquartered Noida and recognize employees who have contributed to the company’s growth.
Toi has reviewed a copy of the letter.
ESOP, is seen as a strategy to attract and maintain talent, is an employee benefit plan that allows employees to have shares in the company.
While Paytm looked for approval for the revised employment agreement from its founders, Vijay Shekhar Sharma as MD and CEO, also wanted the establishment of Arora Neeraj, former head of the business at WhatsApp and Ashit Ranjit Lilani, managing partners in Saama Capital, Independent Director of Non-Executive Independent.
Douglas Feah, Senior VP in Ant Group will be appointed as Director.
The annual revised remuneration proposal for independent directors including RS 1.85 Crore each for Mark Schwartz and Pallavi Shardul Shroff and Rs 1.48 Crore each for Ashit Ranjit Lilani and Neeraj Arora.
Paytm aimed at collecting RS 16,600 Crore from the initial public offering – the largest largest offer in the Indian stock market – proposed a draft Prospectus with the peer market regulator last month, according to him, according to him worth $ 16 billion.
The major steps of digital payments are present at the time of termination of technology startups in India at the highest point of all time, giving them the opportunity to provide Windows Backback to employees who want to cash their stock options.