Godrej Properties has received approval to raise funds through issuance of 75,000 Rated Listed Unsecured Redeemable Non-Convertible Debentures (NCDs) of Face Value of Rs 1,00,000 each, aggregating to Rs 750 crore consisting of a Base Issue of 50,000 Rated Listed Unsecured Redeemable Non-Convertible Debentures of Face Value of Rs 1,00,000 each, aggregating to Rs 500 crore with an option to retain oversubscription of up to 25,000 Rated Listed Unsecured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 each, aggregating to Rs 250 crore (Series A Debentures). The Management Committee of the Board of Directors of the Company at its meeting held on June 26, 2023, approved the same.
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.
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