Shares of Godrej Properties were trading 1.64% higher at ₹2,880.65 on the NSE as of 9:28 am today, following the company’s launch of a Qualified Institutional Placement (QIP) to raise up to ₹6,000 crore. The QIP, authorized by the company’s board last month, opened on November 27, 2024, with a floor price set at ₹2,727.44 per equity share.
This capital infusion aims to support Godrej Properties’ growth plans, including the expansion of its housing business across key markets. In the previous fiscal year, the company achieved record sales bookings of ₹22,527 crore, the highest among listed real estate firms in 2023-24.
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