Godrej Properties raises Rs 1,275 cr via non-convertible debentures

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Godrej Properties raises Rs 1,275 cr via non-convertible debentures - Business Standard

Quick Summary:

In a regulatory filing on Friday, the company said the allotment committee of the board of directors of the company approved the allotment of 93,540 unsecured redeemable NCDs of the face value of Rs 1 lakh each, aggregating to Rs 935.40 crore.

Realty firm Godrej Properties has raised Rs 1,275.40 crore through the issue of non-convertible debentures (NCDs) on a private placement basis.

The company achieved maximum sales bookings number last fiscal among listed real estate entities.