Blog

Fintech major Paytm 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.