Paytm CEO Vijay Shekhar Sharma.

New Delhi:

Paytm can bypass the rules in giving employee stock options to its founder (PayTm Founder) and CEO Vijay Shekhar Sharma (PayTm CEO Vijay Shekhar Sharma).

Institutional Investor Advisory Services (IIAS), a proxy advisory firm, said in a note that even though Sharma is not classified as a promoter, he has a permanent seat on the board as well as all such rights. .

This advisory firm says that even though Vijay Shekhar Sharma is not classified as a promoter, he has a permanent seat on the board and some similar rights.

Sharma has reduced his direct stake by transferring equity to a family trust.

He did this so that he

becomes eligible for ESOP (

employee stock ownership plan ).

The firm says that the regulator should investigate this move.

Due to which rule this had to be done? 


According to a report, if we talk about Indian company law, then promoters and directors holding more than 10 percent stake directly or indirectly cannot take ESOP. 

There has been a huge decline after the listing of Paytm's IPO.

After this, now there is a strong investigation regarding the salary.

The advisory firm had raised questions last year on the proposal to make Vijay Shekhar Sharma CEO again for 5 years.

There was also opposition to the proposed salary for this post. 

If we look at the salary of the officers of the companies included in the Sensex 30, then it will be known that their salary is the highest.

In such a situation, the firm had asked the shareholders to vote against the decision to make Vijay Shekhar Sharma the CEO. 

Significantly, in the March 2022 quarter, about 2.1 crore options have been issued to him at the rate of Rs 9 per share, which is worth $ 500 million.

According to the media, if it is estimated from this, then in 2023 he will get a salary of about Rs 796 crore.

That too when the salary will be paid even if there is a deficit.

This is the reason that there was a dispute regarding salary. 

Paytm's IPO (Paytm IPO) came on 15 November 2021.

This was the second largest IPO in India.

The price of Paytm's shares under the IPO was Rs 2150, but since then the company's shares have come down to close to a quarter.

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