Godrej Properties Raises Rs 64.6 Crore through Debenture Issue
Godrej Properties, one of India's leading real estate developers, has raised Rs 64.6 crore through the issue of debentures to investors on private placement. The company has a significant presence in Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru,
Godrej PropertiesReal EstateDebenturesFundingGrowth PlansReal Estate MumbaiSep 10, 2024
The Non-Convertible Debentures (NCDs) have been allotted at a coupon rate of 8.50 per cent per annum. Interest will be paid annually and on maturity. The tenor of NCDs is 5 years.
In a regulatory filing on Tuesday, the company said a committee of the board approved the allotment of 6,460 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 1 lakh each, aggregating to Rs 64.6 crore to the identified investors on a private placement basis.
Godrej Properties is one of the leading real estate developers in the country, with a significant presence in several key markets. The company has a strong track record of delivering quality projects and has established itself as a trusted brand in the industry.
The issue of debentures is a significant step for the company, as it looks to raise funds to support its growth plans. The company plans to use the proceeds from the issue to fund its ongoing and future projects.
The Godrej Group, the parent company of Godrej Properties, is a well-established conglomerate with a diverse portfolio of businesses. The group has a strong presence in several sectors, including real estate, consumer goods, and industrial engineering.
Godrej Properties is a leading real estate developer in India, with a significant presence in Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru, and Hyderabad markets. The company is part of the Godrej Group, a well-established conglomerate with a diverse portfolio of businesses.
Information Godrej Properties has been actively expanding its presence in the Indian real estate market, with a focus on delivering quality projects in key markets. The company has a strong track record of delivering projects on time and has established itself as a trusted brand in the industry.
Frequently Asked Questions
What is the amount raised by Godrej Properties through debenture issue?
Rs 64.6 crore
What is the coupon rate of the debentures issued by Godrej Properties?
8.50 per cent per annum
What is the tenor of the debentures issued by Godrej Properties?
5 years
What is the purpose of the debenture issue by Godrej Properties?
To fund ongoing and future projects
What is the parent company of Godrej Properties?
Godrej Group
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