Paytm share price rises despite weak market; do you own?
One97 Communications, parent company of Paytm, share price surged as much as 3 per cent on Tuesday despite weak market sentiments. At 9:33 am, the stock was trading at ₹685.75 apiece on March 11.
The stock was trading higher after the company said in a regulatory filing on March 9 that it has allotted 84,793 equity shares under its employee stock option schemes.
In an exchange filing on Sunday (March 9), Paytm announced that its board had approved the allotment of equity shares with a face value of ₹1 each to eligible employees who exercised their vested options under the Employee Stock Option Scheme (ESOP) 2019 and ESOP 2008.
A total of 84,377 shares were allocated under ESOP 2019, while 416 shares were issued under ESOP 2008, with…
