Godrej Consumer Products Ltd: Granting of Shares under Employee Stock Purchase Plan (ESPP)

Godrej Consumer Products Ltd has informed BSE that The Management Committee of the Board of Directors of the Company has vide resolution dated February 16 ,2011 approved the grant of 3,80,000 shares of Godrej Consumer Products Ltd to eligible employee(s) as per the Godrej Consumer Products Limited Employee Stock Purchase Plan.

The Shares shall vest on March 30, 2012. Thereafter, the Grantee(s) shall exercise the shares within a period of 2 years. The Exercise Price, i.e. the price payable by the Grantee for exercising the shares granted will be Rs. 366.45 (closing price of the equity share on NSE on February 15, 2011) plus interest not being less than the bank rate.