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Friday, May 27, 2022

Paytm Share Price Today: The fall in the shares of Paytm, the company took this step

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Paytm Share Price Today: The shares of payment company Paytm continue to fall. Meanwhile, on Monday, the company has informed the stock exchange that Paytm has distributed 39.7 lakh shares to its employees. The company has distributed these shares under the rules of Employees Stock Option Scheme 2019 (Esop 2019).

The company told the exchange that Paytm has given these shares to its employees for 9 rupees. On Monday, in the last hour of trading i.e. around 3.12 pm, the shares of Paytm were trading at Rs 556.85, down 1.88% i.e. Rs 10.65. However, till the writing of this news on Tuesday, it was seen trading at 564.35 with an increase of Rs 8.15 (1.47%).

steady decline

Since the listing, the shares of Paytm have been declining continuously. The company’s shares were listed in November 2021 at Rs 2150. And now they are trading 74% below the listing price.

Apart from the new shares, Paytm had allotted 1,77,114 equity shares to its employees. However, the company has not told who has been given these shares.

stock exchange information

Paytm told in the information given to the exchange that after the allotment of new shares, the paid-up equity share capital of the company has increased from 64,85,67,292 to 64,87,44,406. Before the listing of shares in November last year, Paytm had issued Esops to its 166 employees. Later it was converted into shares of the company.

During that time, the company’s president Amit Nair was also among those who were given shares of the company. He was looking after the financial services division of the company. Nair resigned from his post in June 2021. Altogether 10 lakh Esops have been issued to senior staff.

shares given in

According to the information given by the company, these shares have been given at the rate of Rs. In September last year, Paytm increased its Esops from 2.40 crores to 6.1 crores. Also, before the listing of the company’s shares last year, about 1000 employees had taken shares worth 1.40 crore Esops.

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