The retail brand is going public at a valuation of a little over $7 billion
Around 40 current and former Paytm employees have converted their stock options to shares.
Ahead of its IPO, the digital payment major is working with lenders for Rs 100-crore credit to senior executives.
If the Esop is implemented through a trust, they should be funded by the company to acquire the shares that are to be allotted to the employees
According to research by Fintrackr, a dozen companies have announced ESOP buybacks worth over $100 million in the first half of 2021
Earlier in the day, Flipkart announced raising $3.6 billion in funding from a clutch of investors that valued the e-commerce major at $37.6 billion
IT bellwether Infosys recently declared that it plans to deepen its employee stock options to include a larger pool of employees
Employees who completed three years with the company as of December 31, 2020 were eligible to liquidate anywhere between 40% to a full 100% of their v
"We can only continue to grow and prosper if our employees see themselves as owners," she said.
Esops have helped people build non-linear assets, not normally possible through salary income