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.