TV 18 OFFERS STAFF STOCK OPTIONS

Article Abstract:

Media company Television 18 is planning to offer 6,000 shares to each selected employee in three tranches over a period of 10 years. The shares would be offered through a trust formed for the purpose. Only 10 percent of the present equity base is offered to the staff. But the shares would not be offered across the board, but to only 30 persons selected for the scheme. Among 225 persons working in the company only 70-80 are considered as important. Twothousand shares will be offered to each selected employee during the third, sixth and tenth year. No lock-in period has been announced by the company and hence the employee can sell his shares at any time. The stock option has been promoted by the company as an incentive to employees and also prevent them from leaving the company in search of lucrative jobs elsewhere. (psr)

Securities issued, listed, Advertising Sales Services, Media Buying Agencies, Media buying services, Television 18

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AIG, GSIC ARE TATA'S PARTNERS IN AIRLINES JV

Article Abstract:

The Tatas has tied-up with two foreign institutional investors, American International Group and Government of Singapore Investment Corporation for its proposed airline project, Tata Airlines Pvt Ltd. The Tatas will hold 60 percent stake in the project while the foreign partners will hold 40 percent. Singapore Airlines will provide technical services for a fee. In the first year of operations, the subscribed and paid up equity capital is estimated at Rs620.30 crore. (gsh)

Comment:

Ties-up w/ Tatas & American International Group for proposed Tata Airlines Pvt Ltd project

Joint ventures, Organizational history, Scheduled Airlines, Scheduled Air Transportation, Airlines, American International Group Inc., Article, Tata Airlines Private Ltd., Tatas, Government of Singapore Investment Corporation

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