Godrej Properties launches Rs 6,000 crore QIP to fund growth plans

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Godrej Properties launches Rs 6,000 crore QIP to fund growth plans - Business Standard

Quick Summary:

Godrej Properties on Wednesday launched its qualified institutional placement (QIP) to sell equity shares to investors for raising up to Rs 6,000 crore to fund its growth plan.

In a regulatory filing, Godrej Properties informed that the QIP Placement Committee authorized the opening of the issue on November 27, 2024.

Last month, the company's board approved raising of up to Rs 6,000 crore through the issue of securities.