After Zomato and Nykaa, shareholders vent ire on Paytm over ESOPs

 The three resolutions pertaining to ESOPs put to vote by the digital payments firm got over two-third ‘against’ votes from institutional investors.

It hasn’t been an easing going for startups in the public markets. After Zomato and Nykaa, One97 Communications has become the latest new-age company to face shareholder dissent on employee stock option plans (ESOPs).

The three resolutions pertaining to ESOPs put to vote by the digital payments major got over two-third ‘against’ votes from institutional investors, shows a stock exchange disclosure made by the company. In September 2021, Zomato had received over 60 per cent against votes from public institutions on various resolutions pertaining to ESOPs.

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