📉 Paytm Shares Slip Over 2% as CEO Vijay Shekhar Sharma Forgoes 2.1 Crore ESOPs

Stock Movement:
Shares of One97 Communications, the parent company of Paytm, fell over 2% in Thursday’s trade after CEO Vijay Shekhar Sharma voluntarily surrendered 2.1 crore ESOP shares.

• 🕒 As of 10:20 AM:
  • Paytm Price: ₹849.20
  • Previous Close: ₹864.95

Background:
The shares were initially allotted to Sharma as part of the ESOP plan during the company’s IPO. His decision to forgo them is seen as a significant move, possibly reflecting alignment with long-term shareholder value.

📝 This is a developing story.