Paytm staff, ex-employees convert Esops to shares worth Rs 182 crore

  • Based on Paytm’s last valuation of $16 billion, these converted Esops are worth over Rs 182 crore.
  • ET reported on August 16 that around 300 employees were looking to convert their Esop grants to shares before its much awaited $2.2 billion IPO. At the time of converting stock options to shares, employees have to pay a tax, which would be applied on the difference between the current share price and the price at which the Paytm shares have been granted.
  • The stock offering will comprise a fresh issue worth Rs 8,300 crore and a secondary issue or an offer for sale of the same size, Paytm told Sebi.
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