Paytm is attempting to make it easier for employees to execute their stock options ahead of the company’s scheduled IPO (IPO).
According to Mint, One97 Communications, Paytm’s parent company, is in talks with five lenders to allow employees to borrow money to exercise their employee stock options (ESOPs) and make the necessary tax payments.
The corporation may be able to provide a loan of up to Rs 100 crore to 300-500 employees with vested options. According to the report, the loans will most likely be provided for a year.”Paytm (One97) is in discussions with financial institutions such as IIFL, ICICI Bank, and Edelweiss Capital to assist its employees in converting their employee stock ownership plans into shares and providing loans to cover the exercise price and tax payments.
The term of these loans is projected to be 12 months “According to the publication, a source said.
