Stock options or equity-linked stock options (Esops) are financial instruments that allow senior workers to own shares in the company that they may sell for cash after a pre-defined period of time. “The secondary sale gave an opportunity to existing and former Paytm employees to liquidate their vested Esop units and create wealth. It also offered various family offices and few western long hold funds to gain entry on the cap table with this round,” the company said. Paytm did not name the new investors. Existing investors include SoftBank, SAIF Partners, Alibaba and Ant Financial Services.

Source: Mint January 29, 2018 07:41 UTC