Paytm Founder Reappointment After His Resignation – IIAS Not Ready To Accept That. Earlier the founder Vijay Shekhar Sharma has resigned as the Director of Paytm Financial Services. The main reason for his resignation is that “other preoccupations”. Now Vijay is reappointed in the Paytm organization. And also he likely get the remuneration of over Rs 796 crore in FY23, including 21 million stock options at Rs 9 exercise price, as per the firm’s estimates. IIAS oppose these things.
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One97 Communications is the parent entity of leading Indian mobile payments and financial services company Paytm, a week ago One97 Communications AGM, advisory firm Institutional Investor Advisory Services India Limited (IIAS) not accepted the rejoining of Vijay Shekhar Sharma. IIAS not ready to accept the thing of appoint him as a CEO of Paytm for another 5 economic year.
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As per the Paytm report, “Vijay Shekhar Sharma has made several commitments in the past to make the company profitable; however, these have not played out. We believe the board must consider professionalising the management”. Paytm looking company’s shareholder approval for his reappointment.
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