INSUBCONTINENT EXCLUSIVE:
Godrej Properties' stock is up 1.9 per cent at Rs 3,330 in intra-day trade and is now trading closer to the day's high of Rs 3,225.2 min
read Last Updated : Oct 01 2024 | 2:30 PM IST
The board of directors of Godrej Properties approved a fund raise of Rs 6,000 crore in a
convertible debentures, partly convertible debentures, non-convertible debentures (with or without warrants), preference shares convertible
into equity shares, eligible securities, and/or any other security convertible into equity shares, or any combination thereof.Click here to
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The amount will be raised in one or more tranches through public and/or private offerings
The offerings may include qualified institutional placement (QIP), rights issue, further public offer, or any other mode
The fund raise is subject to the approval of the shareholders, which the company will seek through postal ballots
88,753.26 crore, has a presence across both residential and commercial properties.
With a significant influence on the Mumbai Metropolitan
and the Delhi National Capital Region (NCR).
Earlier, the company reported total income of Rs 1,699.48 crore for the first quarter of the
financial year 2025 (Q1 FY2025)
Meanwhile, the profit attributable to equity holders of the parent stood at Rs 520.05 crore during the same period.
Godrej Properties'
stock is up 1.9 per cent at Rs 3,330 in intra-day trade and is now trading closer to the day's high of Rs 3,225.First Published: Oct 01 2024
