Paytm parent One 97 Communications settles Esop case with Sebi

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One 97 Communications (OCL), the parent company of digital payments platform Paytm, has settled a case with the Securities and Exchange Board of India (Sebi) over stock allocations under its Employee Stock Ownership Plan (Esop) involving founder Vijay Shekhar Sharma. The settlement was announced on May 8.Key details of the settlement:

  • Bar on Esops: Vijay Shekhar Sharma will be barred from accepting new Esops from any listed company for the next three years.
  • Fines: Sebi imposed a cumulative fine of approximately Rs 2.8 crore on three parties: OCL, Vijay…



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Paytm parent One 97 Communications settles Esop case with Sebi


One 97 Communications (OCL), the parent company of digital payments platform Paytm, has settled a case with the Securities and Exchange Board of India (Sebi) over stock allocations under its Employee Stock Ownership Plan (Esop) involving founder Vijay Shekhar Sharma. The settlement was announced on May 8.Key details of the settlement:

  • Bar on Esops: Vijay Shekhar Sharma will be barred from accepting new Esops from any listed company for the next three years.
  • Fines: Sebi imposed a cumulative fine of approximately Rs 2.8 crore on three parties: OCL, Vijay…



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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