Vijay Shekhar Sharma Voluntarily Surrenders 2.1 Crore Paytm Shares Worth Rs 1,800 Crore
In a surprising move, Vijay Shekhar Sharma, the Managing Director and CEO of fintech giant One97 Communications, has voluntarily surrendered 2.1 crore Paytm shares, valued at approximately Rs 1,800 crore. This action, announced via a regulatory filing, is part of the company’s Employee Stock Ownership Plan (ESOP) granted to Sharma during Paytm’s listing.
These shares will now return to the ESOP pool under the One97 Employees’ Stock Option Scheme, 2019. Sharma’s decision to forgo the shares, which were worth Rs 864.5 each at the closing price, has significant financial implications. It will lead to a one-time, non-cash acceleration of ESOP expenses amounting to Rs 492 crore for Q4 of the 2025 fiscal year, with future ESOP expenses being lowered as a result.
This voluntary surrender adds a new chapter to Sharma’s leadership in the company, as it will have a substantial impact on the company’s financial records but does not affect the firm’s day-to-day operations.
News Source : Information for this article was gathered from a variety of reliable news outlets.
