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Paytm founder foregoes 21m employee stock options after regulatory scrutiny

Paytm founder foregoes 21m employee stock options after regulatory scrutiny

FILE PHOTO: Paytm founder and CEO Vijay Shekhar Sharma delivers a speech during his company's IPO listing ceremony at the Bombay Stock Exchange (BSE) in Mumbai, India, November 18, 2021. REUTERS/Niharika Kulkarni/File Photo

India’s Paytm said on Wednesday founder and CEO Vijay Shekhar Sharma has foregone 21 million employee stock options granted to him, months after the country’s markets regulator issued show-cause notices over violation of rules on grant of share-based employee benefits.

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