Q.Explain the following term/concept.
Employee Stock Purchase Scheme (ESPS)

An Employee Stock Purchase Scheme (ESPS) is a scheme through which a company offers its own shares to its employees for direct purchase, usually at a favourable price, as an incentive.

Companies use employee share schemes to motivate staff and give them a stake in the business. The ESPS is one such scheme.

• Under an ESPS, the company offers shares to its employees who can purchase them, often at a price lower than the market price.
• The aim is to reward loyal employees, encourage a sense of ownership and help retain talent.
• The scheme is offered as part of a plan approved by the company, and the employees who accept become shareholders. …