Thursday, July 30, 2009

Godrej Properties IPO in next ten months - Adi Godrej

Godrej Properties Ltd (GPL), the real estate arm of the Godrej group, has planned to come out with its initial public offering (IPO) in next the ten months, a top company official said.

The fund will go entirely into Godrej Properties and their will be no sale of shares by Godrej Industries. "It will be new capital going into Godrej Properties. We have permission to do 10 per cent to the public which is the minimum required and 3.5 per cent pre-IPO," Godrej said.

Godrej Industries currently holds an 80.3 per cent equity in Godrej Properties Ltd.
To read more, please, visit - The Economic Times

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1 comment:

  1. High Price. Don't Invest by Brand "Godrej". Check customer satisfaction & profit earning capability. I'm the customer and suffering by buying "Woodsman Estate" property of Godrej in Bangalore, which is making loss. But half of the flats are empty and not finished. very poor quality & poor customer care.