Companies may be allowed to purchase shares from the markets through trusts that administer stock- related employee benefit schemes after a Sebi panel proposed changes to existing rules. The regulator on Wednesday said companies will have to take shareholders’ approval for such purchases. Sebi had barred companies a year ago from acquiring shares from the secondary market through employee welfare trusts after it was felt that it could be misused by companies.

Source : http://economictimes.indiatimes.com/markets/regulation/sebi-panel-plans-to-revamp-esop-rules/articleshow/26116962.cms

 

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