Vijay Shekhar Sharma Surrenders 2.1 Crore Paytm Shares Worth Rs 1,800 Crore

Vijay Shekhar Sharma Surrenders 2.1 Crore Paytm Shares Worth Rs 1,800 Crore

Fintech firm One97 Communications' Managing Director and Chief Executive Officer Vijay Shekhar Sharma has voluntarily surrendered 2.1 crore shares worth about Rs 1,800 crore, as per a regulatory filing and share closing price of the company.

Paytm CEO voluntarily forgoes Rs 1,800 crore worth of stock options

Paytm announced on 16 April that Vijay Shekhar Sharma, its founder and CEO, has voluntarily given up 21 million employee stock options (ESOPs) granted under the One 97 Employees Stock Option Scheme, 2019. The decision comes at a time when the company is facing regulatory scrutiny over the issuance of these stock options. The ESOPs, valued at over Rs 1,800 crore based on Paytm’s current share price of Rs 864.5, have now either been cancelled or r…

Vijay Shekhar Sharma Gives Up 2.1 Crore Paytm Shares Valued at INR 1,800 Crore

On 16 April, Paytm revealed that Vijay Shekhar Sharma, the company's founder and CEO, had renounced 21 million employee stock options worth over INR 1,800 crore. This action came months after the Securities and Exchange Board of India (SEBI) had sent him show-cause notices for breaking the rules governing the granting of share-based employee benefits. Vijay Shekhar Sharma, the company's chairman, managing director, and chief executive officer, n…

Paytm CEO Vijay Shekhar Sharma Surrenders 2.1 Cr ESOPs

Paytm founder, CEO and MD Vijay Shekhar Sharma has voluntarily given up 2.1 Cr unvested employee stock options (ESOPs), which came under the scanner of markets regulator SEBI. “Mr. Vijay Shekhar Sharma… vide letter dated April 16, 2025 has informed the company that he has voluntarily forgone all 2,10,00,000 (Two Crore Ten Lakhs) ESOPs granted to him under One 97 Employees Stock Option Scheme, 2019, with immediate effect,” Paytm parent One 97 Com…