Update on Godrej Properties Limited Employees Stock Grant Scheme, 2011

Pursuant to the provisions of the Godrej Properties Limited Employees Stock Grant Scheme, 2011 (the "GPL ESGS"), the option grantee has exercised 768 stock grants equivalent to 768 Equity Shares of face value of Rs. 5/- each of Godrej Properties Ltd (the "Equity Shares") during the exercise period starting from November 01, 2016 to November 30,2016.

Accordingly, the duly authorised Allotment Committee of the Board of Directors of the Company has at its meeting held on December 08, 2016, allotted 768 Equity Shares of Rs. 5/- per Equity Share to the option grantees in terms of the GPL ESGS.

Consequently, with effect from December 08, 2016, the issued, subscribed and paid up capital of the Company stands increased to Rs. 1,08,18,19,925/- consisting of 21,63,63,985 equity shares of Rs. 5/- each.

Shares of Godrej Properties Ltd was last trading in BSE at Rs.302.15 as compared to the previous close of Rs. 299.3. The total number of shares traded during the day was 4022 in over 177 trades.

The stock hit an intraday high of Rs. 305.8 and intraday low of 301. The net turnover during the day was Rs. 1217216.

Source : Equity Bulls

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