Paytm CEO Vijay Shekhar Sharma settles ESOP case with SEBI
Paytm and its CEO, Vijay Shekhar Sharma, have settled an employee stock options (ESOPs) violations case with the Securities and Exchange Board of India (SEBI), the markets regulator said on Thursday. As part of settlement, Sharma has been prohibited from accepting fresh ESOPs from any listed company for three years, while Paytm and Sharma each paid ₹11.1 million, SEBI said.