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Godrej Properties to mop up Rs 700 crore through rights issue

08 Aug 2013 Evaluate

Realty firm Godrej Properties is planning to raise about Rs 700 crore by issuing 2.15 crore shares to existing shareholders through rights issue at Rs 325 apiece, a discount of about 30%. The company would issue 8 shares for every 29 shares held by shareholders as on the record date, which is August 20.

The company proposes to issue 2,15,38,388 shares on a rights basis to its existing shareholders as on the record date aggregating to Rs 699.99 crore.

The promoters holding in the company stood at 74.98% while institutions and non-institutions held 16.77% and 8.25% stake in the company, respectively.

Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.

Godrej Properties Share Price

1873.10 -5.75 (-0.31%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
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Dilip Buildcon 478.50
DLF 608.40
Oberoi Realty 1703.85
Ahluwalia Contract(I 847.50
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