Godrej Properties Raises Rs 65 Crore Through Private Placement of Debentures
The NCDs have been allotted at a coupon rate of 8.50 per cent per annum. Interest will be paid annually and on maturity.
Godrej PropertiesReal EstateNcdsDebenturesStock MarketReal Estate MaharashtraSep 10, 2024
In a regulatory filing during market hours, the realty company reported the allotment of rated and listed unsecured non-convertible debentures (NCDs) on the same day with a face value of Rs 1 lakh each. The redeemable NCDs have a maturity date of September 10, 2029, the company said while sharing the terms of the GPL 8.5 per cent debenture issue.
The NCDs have been allotted at a coupon rate of 8.50 per cent per annum. The interest will be paid annually and upon maturity, according to the company.
Godrej Properties (GODREJPROP) shares ended stronger by Rs 6.5, or 0.2 per cent, at Rs 2,878.4 apiece on BSE after the news. As of Tuesday, Godrej Properties shares have rewarded investors with a return of 44 per cent, sharply outperforming a 15 per cent rise in the headline Nifty50 index.
Non-convertible debentures (NCDs) are a type of debt instrument that enables companies to raise funds. NCDs can be traded on stock exchanges.
Information Godrej Properties is a leading real estate developer in India, known for its innovative and sustainable developments. The company has a strong presence in the Indian real estate market and has developed several iconic projects across the country.
Godrej Properties Ltd is a real estate company that develops residential, commercial, and township projects in India. The company was founded in 1990 and is headquartered in Mumbai, India.
Frequently Asked Questions
What are NCDs?
Non-convertible debentures (NCDs) are a type of debt instrument that enables companies to raise funds. NCDs can be traded on stock exchanges.
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.
When will the interest be paid on the NCDs?
The interest will be paid annually and upon maturity.
What is the maturity date of the NCDs?
The redeemable NCDs have a maturity date of September 10, 2029.
How have Godrej Properties shares performed recently?
As of Tuesday, Godrej Properties shares have rewarded investors with a return of 44 per cent, sharply outperforming a 15 per cent rise in the headline Nifty50 index.
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