The civil aviation ministry has approved a proposal by state-owned National Aviation Co. India Ltd, or Nacil, which runs Air India, to issueup to 5% of the firm’s equity capital as shares to employees.
The issue of shares, under a so-called employee stock option plan, or Esop, in 2008-09 is seen a first step towards an initial public offering (IPO) of Nacil shares later.
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The issue of shares, under a so-called employee stock option plan, or Esop, in 2008-09 is seen a first step towards an initial public offering (IPO) of Nacil shares later.
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