| | | | Granting of Options under the Employee Stock Grant Scheme 2011 | 6/25/2012 7:55:17 PM | | | | Godrej Consumer Products Ltd has informed BSE that in terms of Employee Stock Grant Scheme 2011 (ESGS 2011), the HR & Compensation Committee vide resolution dated June 22, 2012 approved the granting of 64318 Stock Grants to Eligible Employees of the Company.
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.
- No. of grants : 21439
Vesting Date : June 22, 2012
- No. of grants : 21439
Vesting Date : May 31, 2013
- No. of grants : 21440
Vesting Date : May 31, 2014
Total Grant : 64318
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 HR & Compensation Committee.
The Exercise Price shall be Rs. 1/- per equity share. The equity shares vested in the eligible employees shall be allotted on payment of the Exercise Price. | |
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