MoneyWorks4Me

Godrej Properties planning to raise Rs 2100 crore via QIP issue

26 Jun 2019 Evaluate

Godrej Properties is planning to raise up to Rs 2100 crore through a share sale to institutional investors. The board is scheduled to meet on June 28 to consider and approve the issue price for the qualified institutional placement (QIP).

Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.

Peers
Company Name CMP
Lodha Developers 1085.80
Prestige EstatesProj 1427.85
Dilip Buildcon 405.85
DLF 623.00
Oberoi Realty 1710.20
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