Godrej Industries allots 470000 options

Godrej Industries Ltd has announced that further 4,70,000 options have been exercised by the option grantees. The total number of options exercised under the GIL ESOP scheme till date is 6,70,000 options equivalent of 6,70,000 equity shares of Re. 1/- each.

Further the Company has noted that, since the options granted under the GIL ESOP scheme is administered through GIL ESOP Trust (Trust) whereby shares are purchased by the Trust from the open market based on the options granted by the Compensation Committee of the Board of Directors, there is no change in the issued, subscribed or paid-up capital of the Company on account of exercise of the options.

The stock closed the day at Rs.198.50, up by Rs.21 or 11.83%. The stock hit an intraday high of Rs.202.70 and low of Rs.175.55.

The total traded quantity was 3240018 compared to 2 week average of 590052.

Source : Equity Bulls

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