| 
| Holiday packages in exchange for equity shares
|
Also see
|
|||||||
|
We have selected 72 key companies, whose shares we will buy from people who wish to sell them, and in return, we shall offer a holiday package. It's the first time that any company has come up with such an idea, said Nikhil Dalal, director, Lifestyle Holidays.
So far, Lifestyle has received confirmation from nearly 16 people. In case you do not have enough shares to trade for a vacation, the company provides the option of part-financing the holiday with cash.
The 72 A-group companies selected for the offer include Aban Offshore, Axis Bank, Asian Paints, Bombay Dyeing, Bharat Petroleum Corporation, Colgate-Palmolive, HDFC Bank, Hero Honda Motors, HUL, Indian Hotels, Infosys Technologies, Jet Airways, Reliance Industries, Reliance Capital, Tata Motors, Tata Consultancy Services and Wipro, among others.
The brokerage fee, stamp duty and service tax will be applicable and the procedure for transferring the shares is likely to take nearly two days.
| 
| © Copyright Sify Technologies Ltd, 1998-2009. All rights reserved. India News Portal, Sify.com hosted at SifyHosting India's first Level 3 Internet Data Centre. Site optimized for Internet Explorer 5.5 and above. See Disclaimer | Privacy Policy & Parental Guidance on pornography | careers@sify | About Us | Feedback | Advertise |