Paytm to give ESOPs worth Rs 250 crore this year, hire 500 people

Digital payments major Paytm on Friday said it would offer employee stock ownership plan (ESOPs) worth Rs 250 crore this year.

The exercise, which will be completed over the next 3-4 months, will include high performing employees as well as new hires, Paytm said.
 

The company, however, did not disclose the number of employees it would cover, as the appraisal process is still on.
 

Paytm had started its company-wide process of annual performance reviews in January this year. “This will widen the base of employees having company shares and will enable more people to become a stakeholder in the