Men stand on a balcony at the Indiabulls Finance Centre. (Photographer: Dhiraj Singh/Bloomberg)
Indiabulls Housing Finance Ltd. seeks to change its employee stock option scheme structure, moving away from the earlier ESOP plans to creating an employee welfare trust. If approved by shareholders, this will require the company to buy its shares from the secondary market and transfer them to the trust.This comes at a time when the company’s proposal to buy back shares is under a cloud due to SEBI regulations. While the timing could...