Vijay Shekhar Sharma forgoes 2.1 crore Paytm stock options after Sebi notice

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Founder and chief executive officer Vijay Shekhar Sharma has voluntarily forgone 2.1 crore share of Paytm parent One97 Communications, the company told exchanges on Wednesday. The shares were granted to him under the One 97 Employees Stock Option Scheme, 2019, the filing further read.

Following the action, which comes in the backdrop of a Sebi notice from August 2024, the Nomination and Remuneration Committee of the Paytm board termed the unvested stock options as cancelled, and returned them to the ESOP pool under 2019 scheme, the company said.

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Vijay Shekhar Sharma forgoes 2.1 crore Paytm stock options after Sebi notice


Founder and chief executive officer Vijay Shekhar Sharma has voluntarily forgone 2.1 crore share of Paytm parent One97 Communications, the company told exchanges on Wednesday. The shares were granted to him under the One 97 Employees Stock Option Scheme, 2019, the filing further read.

Following the action, which comes in the backdrop of a Sebi notice from August 2024, the Nomination and Remuneration Committee of the Paytm board termed the unvested stock options as cancelled, and returned them to the ESOP pool under 2019 scheme, the company said.

Sharma…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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