My ESOP grant won’t vest until Paytm’s market cap crosses IPO price: Vijay Shekhar Sharma
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At the first annual general meeting (AGM) since last year’s IPO, Paytm CEO Vijay Shekhar Sharma informed the shareholders that his employee stock option plan (ESOP) grant will not vest until the fintech major’s share price does not cross the price at the initial public offer (IPO) of INR 2,150. On Friday, Paytm’s shares closed at INR 771 apiece, down 1.93% from its previous close.