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After Zomato and Nykaa, shareholders vent ire on Paytm over ESOPs

The three resolutions pertaining to ESOPs put to vote by the digital payments firm got over two-third 'against' votes from institutional investors

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Photo: Bloomberg

Samie Modak Mumbai
It hasn’t been an easing going for startups in the public markets. After Zomato and Nykaa, One97 Communications has become the latest new-age company to face shareholder dissent on employee stock option plans (ESOPs).

The three resolutions pertaining to ESOPs put to vote by the digital payments major got over two-third ‘against’ votes from institutional investors, shows a stock exchange disclosure made by the company.

In September 2021, Zomato had received over 60 per cent against votes from public institutions on various resolutions pertaining to ESOPs. It had also faced opposition from institutional investors on a resolution seeking their approval

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First Published: Feb 28 2022 | 5:36 PM IST

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