Paytm board approves ESOP grant, share price over 7%; check key details

“Each stock option is convertible into one fully paid-up equity share having a face value of ₹1 each,” the company said in an exchange filing on Tuesday. Its exercise price is ₹9 per stock option.

Shares of Paytm ended at ₹713.05 apiece, surging 7.19% on the National Stock Exchange. Its market capitalisation stands at ₹45,468.88 crore.

The fintech firm further said that the stock options granted can be exercised anytime during the entire period of continuous active employment from the date of vesting of the respective options.

“In case of any corporate action(s) such as rights issue, bonus issue, split or consolidation of equity shares, merger/amalgamation or sale of division/undertaking or other reorganisation, etc., requisite adjustments (which may include adjustments to the number of stock options in ESOP 2019) shall be appropriately made in a fair and reasonable manner in accordance with ESOP 2019,” Paytm said.

Further, the board of directors also noted the 4,11,931 lapsed stock options.

In an exchange filing on March 9, Paytm had announced that its board had approved the allotment of equity shares with a face value of ₹1 each to eligible employees.

Paytm had narrowed consolidated net losses to ₹208.3 crore in the December quarter of the current fiscal year. In the year-ago period, the net loss stood at ₹219.8 crore.

Revenue from operations declined 35.8% to ₹1,827.8 crore as compared to ₹2,850.5 crore in the corresponding period last fiscal.

Its revenue from payment services stood at 1,059 crore, up 8% quarter on quarter (QoQ). Financial services revenue climbed 34% QoQ to ₹502 crore.

Paytm's merchant subscriber base for devices has grown to 1.17 crore as of December 2024, an addition of five lakh QoQ.