Global Depositary Receipts: IT companies may offer GDRs to subsidiary employees against ordinary shares, subject to eligibility rules.

Indian companies engaged in Information Technology Software and Information Technology Services may offer Global Depositary Receipts against the issue of ordinary shares to non-resident and resident permanent employees (including Indian and overseas working directors) of their subsidiary companies, incorporated in India or abroad, subject to the Scheme's eligibility conditions and government-announced operational guidelines.

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