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Air India's employee stock option may precede IPO
17 November 2007

Mumbai: National carrier Air India is likely to give stock options to employees ahead of its initial public offer before 2009 by when it merges with other state-run airline Indian.

"Our consultant, Accenture, has given a 12-18 month road-map for full integration of the merged identity and an IPO is unlikely to take place before then,'' reports quoting Air India's chairman, V Thulasidas, said.

 

send this article to a friendHowever, a proposal to offer stock options to its 34,000 employees may fructify ahead of the IPO and a concept paper for this purpose has already been submitted to civil aviation ministry, he said.

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Air India's employee stock option may precede IPO