Paytm wants to help employees pay for buying their vested options and make tax payments if required, the people said, requesting anonymity. Stock options are taxed as a perquisite when the employee exercises the option to buy the stocks. It is expected to facilitate a loan size of around ₹100 crore towards this end, helping 300-500 employees who hold stock options, the second person said. Lenders, including Edelweiss-backed ECL Finance Ltd and ICICI Bank, provide these loans to customers to exercise their stock options. Since its inception, Paytm has formulated two ESOP schemes, One97 Employee Stock Option Scheme 2008 and One97 Employee Stock Option Scheme 2019, according to the draft share sale documents filed with the Securities and Exchange Board of India (Sebi) in mid-July.

Source: Hindustan Times August 15, 2021 18:22 UTC