One97 Communications, the parent company of Paytm, announced the allotment of 84,793 equity shares under its employee stock option schemes in a regulatory filing on Mar. 9.

Based on the closing price of the stock on Mar. 7, the newly issued shares are valued at 5.8 crore rupees (US$665,510).

The allotment comprises 84,377 shares from the Employee Stock Option Scheme 2019 and 416 shares from the Employee Stock Option Scheme 2008.

The shares, issued at a face value of 1 rupees (US$0.0115) each, have an exercise price of 9 rupees (US$0.1034) per share.

With this issuance, Paytm’s total equity share capital has increased to 63.77 crore rupees (US$7.33 million).

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