Paytm allots ESOPs to WeavedIn’s co-founders and staffs

Paytm is one of the few large scale companies where hundreds of employees have made their fortune through employee stock options (ESOPs). Besides its staff, founders and employees of startups that were acquired by the Soft Bank-backed firm have also made significant amounts through ESOPs.

Founding teams and employees of Plustxt, Shifu, Cube26, Little and Near buy have all benefited from such offerings. And now, Paytm has allotted equity shares to WeavedIn’s co-founders and employees, a company it had acquired in October 2018.

According to regulatory filings, Paytm has allotted 2,309 equity shares to eight WeavedIn employees under the ESOP Scheme 2008 at an exercise price of Rs 90 per share. As per Fintrackr’s estimate, the six employees along with two co-founders have been collectively allocated the ESOPs worth Rs 4.8 crore.

WeavedIn’s co-founders Jose kuttan and Jacob Pattara have been allotted Rs 1.73 crore and Rs 1.51 crore worth stocks respectively. The fresh allotment of ESOPs from Paytm has come after two months. Paytm had allotted equity shares worth $1.83 million (around Rs 14 crore) to its employees in May.

Paytm also announced Rs 250 crore worth ESOPs to its high-performing employees and new hires in April. Last year, the company had added Rs 300 crore to its revised ESOPs scheme. The new ESOP scheme will have a maximum vesting period of 5 years.

Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience .

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com

Comments

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

JioMart , Reliance's online-to-offline commerce platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went live in 200 cities across India, is currently processing an average of 500,000 orders per day. " We can go even higher on peak days", Jio Platforms CEO Kiran Thomas revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of kiranas and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials." "Customers are transacting seamlessly on JioMart and the conversational nature of the service enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated that it will continue t

TCS merger with TCS e serve

The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL). The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them. The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012. Computational Res

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p

Abhishek Securities

Search This Blog