Further to the letter dated April 30, 2018 and in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Godrej Properties has informed that the Board of Directors of the Company, at its meeting held on May 4, 2018, considered and approved, subject to the approval of the shareholders, the issue of 1,27,65,000 equity shares of the Company of the face value of Rs 5 each (Equity Shares) at a price of Rs 783.50 (which includes a premium of Rs 778.50 per Equity Share) aggregating to Rs 10,00,13,77,500 to Gamnat (Investor), on preferential basis. With respect to the above investment, the Company would be entering into an investment agreement with the Investor prior to the date of the aforesaid Extra Ordinary General Meeting. The Board meeting commenced at 11:30 a.m and concluded at 1:00 p.m.
The above information is a part of company’s filings submitted to BSE.
