Godrej Consumer Products allots 20000 shares on Exercise of options under ESOP

Godrej Consumer Products Ltd (GCPL) has announced that in terms of the special resolutions passed by the shareholders on March 14, 2007 and April 24, 2008 an independent trust viz. Godrej Consumer Products Ltd ESOP Trust was empowered to acquire by means of subscription or secondary market purchase, the shares of Company to be allotted as options to the eligible employees of the company and its subsidiaries.

Further the Company has informed that 20,000 options equivalent of 20,000 equity shares of Re. 1/- each of GCPL have been exercised by an option grantee on January 27, 2010. Further the Company has informed that there is no change in the issued, subscribed or paid-up capital of Company on account of the exercise of the aforesaid options.

The stock closed the day at Rs.245.05, down by Rs.2.15 or 0.87%. The stock hit an intraday high of Rs.250 and low of Rs.240.

The total traded quantity was 41641 compared to 2 week average of 17342.

Source : Equity Bulls

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