Godrej Properties’ shareholders have approved proposal to raise funds in one or more tranches, by issuance of securities for an amount not exceeding Rs 3,750 crore. The shareholders also approved enhancement of investment limit of the company up to Rs 7,500 crore.
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.