Godrej Consumer Products Updates 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.

The exchanges are hereby informed that 40,000 options equivalent of 40,000 equity shares of Re.1/- each of Godrej Consumer Products Ltd. (GCPL) have been exercised by option grantee(s) on September 27, 2010. After the above exercise, a total of 10 options equivalent of 10,25,000 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.401.40, down by Rs.10.05 or 2.44%. The stock hit an intraday high of Rs.418 and low of Rs.399.

The total traded quantity was 40303 compared to 2 week average of 114385.

Source : Equity Bulls

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