Godrej Consumer allots 51236136 equity shares pursuant to Scheme of Amalgamation

Godrej Consumer Products Ltd has now announced with reference to earlier announcements regarding Scheme of Amalgamation of Godrej ConsumerBiz Ltd and Godrej Hygiene Care Ltd with Godrej Consumer Products Ltd ('the Company'), that on November 09, 2009, the Company has allotted in aggregate 5,12,36,136 equity shares of Re 1/- each fully paid up to the shareholders of Godrej ConsumerBiz Ltd and Godrej Hygiene Care Ltd pursuant to the aforesaid Scheme of Amalgamation. Consequent to the aforesaid allotment, the subscribed and paid-up equity share capital of the Company stands increased from Rs. 25,69,53,908/- to Rs. 30,81,90,044/- comprising of 30,81,90,044 equity shares of Re. 1 each.

The above 5,12,36,136 equity shares rank pari passu in all respects with the existing equity shares of the Company.

The stock was trading at Rs.289.75, up by Rs.11 or 3.95%. The stock hit an intraday high of Rs.295 and low of Rs.282.

The total traded quantity was 51677 compared to 2 week average of 48013.

Source : Equity Bulls

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