Godrej Properties plans to raise up to Rs 6,000 crore through securities GODREJPROP share market news

Realty steadfast Godrej Properties connected Tuesday said its committee has approved raising of up to Rs 6,000 crore done the contented of securities.

In a regulatory filing, Godrej Properties informed that the committee has approved the raising of funds for an aggregate magnitude not exceeding Rs 6,000 crore.

The funds would beryllium raised done the issuance of securities, including equity shares, debentures, penchant shares and/or immoderate different eligible securities.

The money raising could beryllium successful 1 oregon much tranches done nationalist and/or backstage offerings including qualified institutions placement, rights issue, further nationalist connection oregon immoderate different mode arsenic whitethorn beryllium permitted nether applicable laws and/or immoderate operation thereof.

Godrej Properties is 1 of the starring developers successful the country. It has a large beingness successful Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune and Bengaluru. It has entered into Hyderabad marketplace recently.

In the past fiscal, the company's income bookings jumped 84 per cent to a grounds Rs 22,527 crore, the highest among listed realty firms successful 2023-24.

It has acceptable a people of achieving Rs 27,000 crore worthy of income bookings.

Already, Godrej Properties' income bookings jumped astir 4 times to Rs 8,637 crore successful the archetypal 4th of this fiscal against Rs 2,254 crore successful the year-ago period.