Godrej Properties will raise Rs 6,000 crore by selling equity shares to institutional investors through QIP issue as it looks to expand business amid strong demand for residential plots and apartments. On Wednesday, the company has launched its Qualified Institutional Placement (QIP) issue to raise up to Rs 6,000 crore. According to market sources, Godrej Properties has received a strong response from domestic and global investors and the company will raise the entire Rs 6,000 crore. The QIP issue is likely to be closed on Thursday. Last month, the company's board approved raising of up to Rs 6,000 crore through the issue of securities. In a regulatory filing on Wednesday, Godrej Properties informed that the QIP Placement Committee approved the floor price for the QIP issue at Rs 2,727.44 per equity share. Godrej Properties' share price closed at Rs 2,833.05 apiece on Wednesday, down 2.35 per cent from Tuesday. Godrej Properties is one of the leading developers in the country.

Godrej Properties Ltd. has lost -23.62% in the last 6 Months

Godrej Properties plans to raise 4,000 crore via QIP

livemint | 27 Nov 2024 2 more

Godrej Properties Ltd.

27 Nov 2024

2182.40

0.83%

Company Update

Godrej Properties Ltd - 533150 - Qualified Institutions Placement Of Equity Shares Of Face Value Of …

BSE India

Please find attached intimation on Outcome of QIP Placement Committee Meeting held on November 27, 2024.

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Godrej Properties Ltd.

27 Nov 2024

2182.40

0.83%

Company Update

Godrej Properties Ltd - 533150 - General - Updates

BSE India

Please find enclosed Intimation on Unaudited condensed consolidated Interim Financial Statements for the six-month period ended September 30, 2023 and September 30, 2024.

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Godrej Properties Ltd.

25 Nov 2024

2182.40

0.83%

Godrej Properties to gain from strong land portfolio, demand outlook

Business Standard

GPL's pipeline for H2FY25 has a GDV of Rs 15,000 core including projects in Gurugram, NOIDA, Mumbai, Pune and Hyderabad

Godrej Properties Ltd. is trading above its 50 day SMA of 2089.0

Godrej Properties Ltd.

24 Nov 2024

2182.40

0.83%

India's 26 major listed realty firms sell 35,000 crore worth properties in Q2; Godrej Properties at top

Business Line

Housing market is witnessing a shift in consumer demand towards those realty companies and brands which have better track record of executing real estate projects

Godrej Properties Ltd. is trading below its 100 day SMA of 2188.9

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