Godrej Properties Ltd allots 101815 shares under Employees Stock Grant Scheme, 2011

Pursuant to the provisions of the Godrej Properties Limited Employees Stock Grant Scheme, 2011 (the "GPL ESGS"), the option grantees have exercised 101,815 stock grants equivalent to 101,815 Equity Shares of face value of Rs. 5/- each of the Company (the "Equity Shares") during the exercise period starting from June 01, 2016 to June 30, 2016.

Accordingly, the duly authorised Allotment Committee of the Board of Directors of the Company has at its meeting held on July 04, 2016, allotted 101,815 Equity Shares of Rs.5/- per Equity Share to the option grantees in terms of the GPL ESGS.

Consequently, with effect from July 04, 2016, the issued, subscribed and paid up capital of the Company stands increased to Rs. 1,08,18,10,905/- consisting of 21,63,62,181 equity shares of Rs. 5/- each.

Further note that 5,426 stock options under GPL ESGS were not exercised by an employee during the above exercised period and accordingly have lapsed.

Shares of Godrej Properties Ltd was last trading in BSE at Rs.362.8 as compared to the previous close of Rs. 368.05. The total number of shares traded during the day was 15494 in over 713 trades.

The stock hit an intraday high of Rs. 367 and intraday low of 361. The net turnover during the day was Rs. 5623643.

Source : Equity Bulls

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