Paytm Faces Pushback from Shareholders on Esops

One97 Communications, the parent of Indian payments firm Paytm, is the latest ‘new-age’ firm to face shareholder dissent, after food delivery startup Zomato and beauty firm Nykaa, over employee stock option plans (Esops), Business Standard reported.

Over two thirds of institutional investors voted against three resolutions on employee stock option plans when they were put to a vote by the digital payments firm, the report said, citing stock exchange disclosures. The resolutions, however, got through comfortably, thanks to votes from non-public institutions and promoters.

Read the full report: Business Standard.

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Tags: Esops

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.