IPO-bound Paytm employees add 5.45 lakh more shares for monetisation

Digital payments and financial firm Paytm has received over 5.45 lakh shares from around 20 more employees for monetisation in its upcoming IPO.

As per a regulatory filing by One97 Communications (OCL), about 20 more employees have converted their ESOPs into a total of 5,45,735 shares.

Earlier, 200 former and current employees had converted their ESOPs into shares, taking the total count of employees to around 220.

Last week, Paytm gave time till September 22 to employees to convert their ESOPs into shares for monetisation in the upcoming IPO.

For ‘designated persons’ to sell or buy shares, the deadline is September 27, while for KMPs (Key Management Personnel) and selling shareholders, the date is September 22.