The Securities and Exchange Board of India (SEBI) today said that shares owned by ex-employees, allotted through ESOPs (Employee Stock Options), cannot be sold for a period of one year pursuant to an IPO by the company.
SEBI said that if someone ceases to be an employee of a company on the date of allotment of shares pursuant to the IPO, the shares held by such a person cannot be exempted from the one year lock-in provision. SEBI said “In other words, such shares held by ex-employees have to be locked in...”
Friday, August 3, 2012
SEBI restricts selling ESOP shares for ex-staff till one year after IPO
Tags
# ESOP
# SEBI
# SEBI News
# SEBI Regulations
![Author Image]()
About IndianIPOBlog
Soratemplates is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design. The main mission of soratemplates is to provide the best quality blogger templates which are professionally designed and perfectlly seo optimized to deliver best result for your blog.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment