Under ESPP
Havells India announced that the Share Allotment and Transfer Committee of the Board of Directors of the Company viz. Havells India, in its meeting held on 16 September 2014, has allotted 3,84,280 Equity Shares of Re. 1/- each (against exercise of an equivalent no. of 76,856 Equity Shares of Rs. 5/- each) to Eligible Employees under the Havells Employees Stock Purchase Plan 2014.Further note that the abovesaid allotment has been made considering the sub-division of Equity Shares of the Company from Rs. 5/- each to Re. 1/- each subsequent to the exercise of shares.
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