Paytm adds fresh ESOPs worth Rs 215 Cr

Digital payments and financial services company Paytm has added a fresh tranche of Employee Stock Options (ESOPs) to its pool, worth approximately Rs 215 crore. The company's board has approved the creation of these new stock options under its existing ESOP scheme. This move is aimed at attracting, retaining, and rewarding talented employees. By offering stock options, Paytm allows its employees to share in the company's long-term growth and success, aligning their interests with those of the shareholders. This is a common strategy used by technology companies to incentivize their workforce. The allocation of new ESOPs comes as Paytm continues to navigate a challenging market environment and works towards achieving profitability. The move underscores the company's focus on its human resources as a key asset in its long-term strategy.