Paytm Founder pledges $50 mn worth Paytm Mall stock for ESOP
Paytm Founder Vijay Shekhar Sharma has pledged about 5% of his personal stock in Paytm Mall, which is reportedly worth $50 million, for the Employee Stock Ownership Plan (ESOP). Sharma, who had over 19% stake, now owns about 14% stake in Paytm Mall. With this, the ESOP corpus of the company will reportedly account for 10% of the company.