Godrej Properties Raises Rs 64.6 Crore via Debenture Issue to Investors
Godrej Properties, a leading real estate developer, raises Rs 64.6 crore through debenture issue to investors on private placement.
Godrej PropertiesReal EstateDebenture IssueFund RaisingIndian Real Estate MarketReal Estate PuneSep 10, 2024
The company has raised Rs 64.6 crore through the issue of debentures to investors on private placement. This was done through a committee of the board, which 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.
The 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.
Godrej Properties is a prominent player in the Indian real estate market, with a strong presence in key cities. The company's portfolio includes residential, commercial, and township projects.
Godrej Properties is a part of the Godrej Group, a renowned business conglomerate in India. The company was established in 1990 and has since become one of the leading real estate developers in the country.
Godrej Properties is a leading real estate developer in India, with a strong presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, and Hyderabad markets. The company has a portfolio of residential, commercial, and township projects, and is known for its commitment to quality and customer satisfaction.
Frequently Asked Questions
What is the amount raised by Godrej Properties through debenture issue?
Godrej Properties has raised Rs 64.6 crore through the issue of debentures to investors on private placement.
What is the coupon rate of the NCDs issued by Godrej Properties?
The NCDs have been allotted at a coupon rate of 8.50 per cent per annum.
What is the tenor of the NCDs issued by Godrej Properties?
The tenor of NCDs is 5 years.
What is the face value of each NCD issued by Godrej Properties?
The face value of each NCD is Rs 1 lakh.
What is the significance of the debenture issue by Godrej Properties?
The debenture issue by Godrej Properties is a significant move to raise funds for its business operations and expansion plans.
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