Paytm expands ESOP scheme to $604 million, adds 242,904 stock options

Digital financial services company Paytm said Monday it has added 242,904 stock options, taking the overall Employee Stock Ownership Plan (ESOP) valuation to $604 million.

The addition takes the existing ESOP pool to 2.4 million equity options.

Paytm, valued at over $16 billion, plans to award the expanded stock options to more employees during its annual performance appraisal.

To attract and retain talented professionals, Paytm last year amended certain aspects of its ESOP policy, introducing performance-based ESOPs.

These are given at the time of hiring or during the appraisal cycle and all key roles across different levels are eligible for