Godrej Properties Ltd (GPL) is set to raise Rs 6000 crore through a Qualified Institutional Placement (QIP). The move is aimed at strengthening their financial position and accelerating their real estate projects. As of Friday, GPL's shares closed at Rs 2
Godrej PropertiesQipReal EstateMarket CapitalisationProject DevelopmentReal Estate NewsNov 29, 2024
Godrej Properties Ltd (GPL) is planning to raise Rs 6000 crore through a Qualified Institutional Placement (QIP).
The funds raised through the QIP will be used for project development, land acquisition, debt repayment, and general corporate purposes.
As of Friday, Godrej Properties' total market capitalisation stands at around Rs 77,230.36 crore.
The market has responded positively, with GPL's shares closing at Rs 2,777.45 on the Bombay Stock Exchange (BSE).
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