MARCH 30: India E-commerce Limited, a listed firm of the Bombay stock exchange (BSE), has offered the viewer stock option plan (VSOP) to the public for acquiring the company's shares by visiting its website (www.Indiaecommerce.net). Under the viewer stock option plan, the company will give away 100 shares free to one visitor everyday for one month starting from April 5. While giving away about 3000 shares free to 30 lucky web servers, the objective of the free offer is to attract large number of visitors to the company's E-commerce resource portal such as E-services, E-education, E-news, E-jobs, E-auction and sales site.
Asked about the permission from authorities (especially the Securities and Exchange Board of India) for such a viewer stock option plan, managing director Ketan Katakia said that there was no need to seek approval for free sale offer of our shares on Net. The company has plans to introduce online payment services to sales railway tickets, air tickets, tour packages, insurance policy and investments in mutual funds and initial public offers.
It has a paid up capital of Rs 3 crore and authorised capital of Rs 6 crore.
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