Godfrey Phillips India Limited — Others, 13-02-2025: Options to purchase securities

Godfrey Phillips India Limited has announced a board meeting regarding the approval of an offer of 1,71,500 equity shares at Rs. 2 each under the Employees Share Purchase Scheme, 2024. The purchase price for these shares is set at Rs. 1,600, representing 50% of the average daily closing price over the last two calendar years at the NSE. The acceptance period for this offer is 15 days from the announcement.

This initiative may enhance employee engagement and align their interests with shareholders, potentially fostering a positive outlook among investors by promoting retention and motivation within the workforce.