What is ESOP trading offered by Karvy?

Karvy offers unique Employee Stock Option Plan (ESOP) Trading services. It helps NRIs in exercising their stock options, liquidating and repatriating the proceeds.

Employee stock ownership plan (ESOP) is an employee benefit plan offered by listed Indian companies to its employees (resident or non-resident Indians) of a joint venture, and wholly-owned subsidiary abroad. ESOPs are issued as direct stocks, profit-sharing plans or bonuses.

The shares can be held in NRO or NRE account for non-repatriation and repatriation benefits, respectively. You will need an NRI trading account to sell those shares.