Paytm founder could see his stake go up by 2-4% in parent firm ahead of IPO

In August this year, the company had doubled its ESOPs pool from 24,094,280 to 61,094,280, this was approved by shareholders earlier this month

Paytm founder Vijay Shekhar Sharma could see his stake go up One97 Communications, the parent company of the digital payments platform. Sharma, who holds around 14.6 per cent in One97, could see his stake increase by another 2 to 4 per cent, said sources in the know.

“Vijay had in the past given 4 per cent of his equity before forming Paytm’ ESOP pool was created. So technically, till sometime back, people got his shares as their ESOPs,” said a source aware of the details on condition of anonymity.

In August this year, the company had doubled its ESOPs pool from 24,094,280