By
Tricitynews
Chandigarh 08th June:- Godrej Properties Ltd.
(GPL) (BSE scrip id: GODREJPRP), one of India’s leading real estate developers,
announced that it has completed the allotment of 1,27,65,000 equity shares of
Rs. 5 each to GAMNAT Pte. Ltd., a GIC- managed investment firm. Through
this preferential allotment, the issued, subscribed, and paid up capital of GPL
stands increased to Rs.1,14,66,04,775 consisting of 22,93,20,955 equity shares
of Rs. 5/- each. The total capital raised from this issue is Rs.
1,000 crore.
Pirojsha Godrej, Executive Chairman, Godrej Properties said that
we are very happy to have a high-caliber institutional investor partner us in
this next stage of our growth. We will use the entire capital raised to fund
our exciting growth opportunities across India’s leading real estate markets.
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