Paytm, Vijay Shekhar Sharma Settle ESOP Case With SEBI

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Fintech major Paytm has settled ESOP-related case with markets regulator SEBI by paying a penalty of INR 1.1 Cr to the regulator as well as cancelling the 2.1 Cr stock options granted to its founder and CEO Vijay Shekhar Sharma and 2.2 Lakh ESOPs granted to his brother and CBO-marketing cloud business Ajay Shekhar Sharma. 

The founder and CEO has been prohibited from accepting any fresh ESOPs from the listed company for a period of three years. Besides, he coughed up INR 1.1 Cr to the regulator as settlement amount. 

Similarly, his brother…



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Paytm, Vijay Shekhar Sharma Settle ESOP Case With SEBI


Fintech major Paytm has settled ESOP-related case with markets regulator SEBI by paying a penalty of INR 1.1 Cr to the regulator as well as cancelling the 2.1 Cr stock options granted to its founder and CEO Vijay Shekhar Sharma and 2.2 Lakh ESOPs granted to his brother and CBO-marketing cloud business Ajay Shekhar Sharma. 

The founder and CEO has been prohibited from accepting any fresh ESOPs from the listed company for a period of three years. Besides, he coughed up INR 1.1 Cr to the regulator as settlement amount. 

Similarly, his brother…



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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