Govt stake may fall below 20% once ESOP pool is created for Air India staff

Air India employees may get stock optionsin the airline after it is privatised. The government is planning to create an employee stock pool from the 24 percent stake it will hold in the airline.

On Wednesday the government announced that it will divest 76 per cent stake in the national carrier.

“Permanent employees will be given stock option in the company, it will be given from the residual stake the government will hold in Air India,” said a senior government official. This, along with an assurance of job continuity for the next one year is the government’s step to