MNCs MAY BE ALLOWED TO OFFER ESOPs TO STAFF IN INDIAN ARMS

The Government is likely to allow foreign companies to offer Employee Stock Options (ESOPs) to employees in Indian subsidiaries, through the India Depository Receipts (IDR) route. For example, Microsoft USA wants to offer Esops to employees of Microsoft India, which is not listed here. It can fl oat an IDR and earmark a percentage of the same for Indian employees.