Godrej Properties’ board of directors have decided to offer and issue up to 7.44 million equity shares of face value of Rs 10 each of the company, with a right to allot an additional up to 7.44 lakh equity shares in case of oversubscription, to eligible qualified institutional buyers by way of an institutional placement programme.
However, the price band or the floor price, and the issue opening and closing dates for the issue will be decided by the company in consultation with the book running lead managers and announced at least one day prior to the issue opening date.
Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.
