Godrej Properties (GPL) has launched a qualified institutional placement (QIP) issue to raise up to Rs 3,750 crore through the sale of shares. The QIP committee of the board of directors, in its meeting held on March 09, 2021, approved and adopted the preliminary placement document in connection with the issue. The company did not disclose the amount it has proposed to raise through 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.
