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Paytm CEO settles ESOP case with Sebi

Financial Express Kolkata

|

May 09, 2025

Sharma barred from accepting any ESOP for 3 years; pays ₹1.1 crore as settlement fees

- ANANYA GROVER

VIJAY SHEKHAR SHARMA, founder and CEO of One97 Communications (OCL), and his brother have settled the employee stock options (ESOP) case with the Securities and Exchange Board of India (Sebi).

The company and Sharma paid ₹1.1 crore each for settlement whereas Ajay Shekhar Sharma paid ₹57.11 lakh. Sharma has also been barred from accepting any ESOP for the next three years.

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