GodrejConsum informs BSE about Exercise of Options

Posted By: Religare
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Godrej Consumer Products Ltd has informed BSE 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, 11,000 options equivalent of 11,000 equity shares of Re. 1/- each of Godrej Consumer Products Ltd. (GCPL) have been exercised by option grantee(s) on December 21, 2011. After the above exercise, a total of 26,98,500 options equivalent of 26,98,500 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.

Read more about: godrej consumer products
Story first published: Thursday, December 22, 2011, 22:32 [IST]
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