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Zomato, Paytm dole out ESOPs to top executives in H1FY23 despite losses

According to regulatory filings by Paytm and Zomato, key managerial personnel have been rewarded ESOPs worth crores during the first half of FY23

money, esop, shares buyback
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Zomato’s net loss narrowed to Rs 251 crore for the quarter ended September 2022, compared to Rs 420 crore during the same period a year ago

BS Reporter Mumbai
Even as new-age tech start-ups grapple to become profitable, companies have not stopped rewarding top executives with employee stock options (ESOPs) worth crores.

According to regulatory filings by Paytm and Zomato, key managerial personnel have been rewarded ESOPs worth crores during the first half of FY23.

Paytm, under its related-party transactions disclosure, stated that ESOP expenses due to key managerial personnel were Rs 568.9 crore for April-September. This includes salary, bonus and incentives.

In the case of Zomato, expenses for the period were Rs 380 crore.

Zomato’s net loss narrowed to Rs 251 crore for the quarter ended September 2022,

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First Published: Nov 25 2022 | 9:14 PM IST

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