Friday, May 30, 2008

Godrej Properties Ltd plans to raise up to 6 billion rupees through the IPO and a pre-IPO share placement to institutions

Godrej Properties will issue fresh shares through the IPO, making up 10 percent of its post-issue equity. Prior to the offer, it will also issue a maximum of 2.44 million new shares, or 3.5 percent of its equity, through the share placement, the bankers said.

Godrej Properties is developing about 20 million sq ft space across Mumbai, Pune, Kolkata, Bangalore and Hyderabad. A third of this is in the residential segment, and the balance in commercial and retail.
Godrej Properties files papers for 7-mln-share IPO

No comments:

Post a Comment