Godrej Properties raises Rs 1,000 crore

Godrej Properties raises Rs 1,000 crore
09/06/2018 , by , in News/Views

Realty firm Godrej Properties on Friday said it has raised Rs 1,000 crore through issue of preferential shares to a GIC-managed investment firm.

In a filing to the BSE, the company said that an allotment committee of the board of directors has allotted 1,27,65,000 equity shares to GAMNAT Pte Ltd on preferential basis at the price of Rs 783.50 per equity share. GAMNAT is a GIC-managed investment firm.

Godrej Properties, the real estate arm of Godrej group, is currently developing residential, commercial and township projects spread across 151 million square feet in 12 cities.

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