Godrej Consumer Products allots 125000 shares on exercise of Options

Godrej Consumer Products Ltd 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 GCPL to be allotted as options to the eligible employees of the Company and its subsidiaries.

Further the Company has informed that, 125,000 options equivalent of 125,000 equity shares of Re. 1/- each of Godrej Consumer Products Ltd. (GCPL) have been exercised by option grantee(s) on September 20, 2010. After the above exercise, a total of 985,000 options equivalent of 985,000 equity shares have been exercised till now.

Further, there is no change in the issued, subscribed or paid-up capital of GCPL on account of the exercise of the aforesaid options.

The stock closed the day at Rs.436.35, down by Rs.23 or 5.01%. The stock hit an intraday high of Rs.468 and low of Rs.434.

The total traded quantity was 1.04 lakhs compared to 2 week average of 1.17 lakhs.

Source : Equity Bulls

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