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Paytm staff convert ESOP grants into shares ahead of IPO

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Ahead of Paytm’s initial public offering (IPO) rollout, several of its top employees are converting their employee stock ownership plan (ESOP) grants into the company’s shares. These shares are worth an estimated Rs 600 crore, according to media reports. To facilitate this exercise, One97 Communications Ltd, the parent company of fintech major Paytm, is in […]