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SEBI issues show-cause notices to Paytm founder Vijay Shekhar Sharma and board members for alleged misrepresentation during the company's IPO.
SEBI issues show-cause notices to Paytm founder Vijay Shekhar Sharma and board members for alleged misrepresentation of facts and non-compliance with promoter classification norms during the company's November 2021 IPO.
Sharma's classification as a promoter rather than an employee is at the heart of the issue, as it could have impacted his eligibility for employee stock options (ESOPs) after the IPO.
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La SEBI emite avisos a Vijay Shekhar Sharma, fundador de Paytm, y miembros de la junta por supuesta tergiversación durante la OPI de la compañía.