Saturday, September 15, 2012

SEBI CRACKS DOWN ON MISUSE OF ESOPs

The Securities and Exchange Board of India (SEBI) has cracked down on the misuse of
Employee Stock Option Plans (ESOPs) and other employee benefit schemes by promoters. In its
latest board meeting, the regulator decided such schemes would not be allowed to make purchases
from the secondary market.

0 comments:

Post a comment