Paytm founder may not be eligible for Esops: Proxy firm

While Sharma isn't classified as a promoter - Indian parlance for controlling shareholder - he has rights akin to one, including a potential permanent seat on the board, IiAS said in a note Friday. "These provisions and structures give Vijay Shekhar Sharma 'entrenchment' similar to that enjoyed by promoter families in the more traditional companies," IiAS said.

from Tech-Economic Times https://ift.tt/LeTxQot