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IIS Infotech

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CIOL Bureau
New Update

IIS Infotech has introduced a scheme in which all its employees would be

offered free shares of its parent FI group, listed on the London Stock Exchange (LSE).

All the 1,100 staff would get shares in the FI group worth

up to 10 per cent of their annual salary. FI group's shares quoted at around 3 pounds per

share on LSE, would be allowed to sell only after a two-year period. FI group has already

started buying the shares for the employees at the prevailing market price. The employees

who can avail upto 50 per cent of their profit share in cash and this would be in addition

to their salary.

After a period of three years the company will give an

option to the employees to buy shares of FI group at the present price.

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