At its Board Meeting held on October 1, 2024, Godrej Properties Limited approved a proposal to raise funds up to ₹6,000 crore through various financial instruments, subject to shareholder approval via a postal ballot. The company plans to issue equity shares, convertible or non-convertible debentures, preference shares, or other eligible securities in one or more tranches through public or private offerings, including qualified institutions placements (QIPs), rights issues, or further public offers.
The funds will be raised to support the company’s growth initiatives, and the specifics of the issuance will be determined based on market conditions.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice.
