Godrej Properties has raised Rs 1,000 crore through issue of preferential shares to a GIC-managed investment firm. An allotment committee of the board of directors of the company has allotted 1,27,65,000 equity shares to GAMNAT on preferential basis at the price of Rs 783.50 per equity share. GAMNAT is a GIC-managed investment firm.
The Godrej Group comprises of a varied business portfolio that includes real estate development, fast moving consumer goods, advanced engineering, home appliances, furniture, security, and agri-care.
