Godrej Consumer Products Ltd approves grant of 55385 stock grants

The Nomination & Remuneration Committee vide its resolution dated June 19, 2017 has approved the granting of 55,385 Stock Grants to the eligible employees of Godrej Consumer Products Ltd.

In terms of the above scheme, one stock grant represents one equity share of the Company. The equity shares shall vest in the employees on the dates as given hereunder.

18,459 options with vesting date of June 19, 2018 and 18,459 options with vesting date on May 31, 2019 and 18,467 options with vesting date of May 31, 2020.

The eligible employees shall be entitled to exercise the options vested in them, within one month from the date of vesting or such dates as may be determined by the Nomination & Remuneration Committee.

The Exercise Price shall be Re. 1/- per equity share. The equity shares vested in the eligible employees shall be allotted on payment of the Exercise Price.

Shares of GODREJ CONSUMER PRODUCTS LTD. was last trading in BSE at Rs.1937.5 as compared to the previous close of Rs. 1883.2. The total number of shares traded during the day was 45706 in over 2062 trades.

The stock hit an intraday high of Rs. 1941.4 and intraday low of 1886. The net turnover during the day was Rs. 87477003.

Source : Equity Bulls

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