Board Meeting1 Oct 2024, 04:39 pm
Godrej Properties Ltd Approves Fundraising of up to Rs. 6,000 crore
AI Summary
Godrej Properties Ltd, at its board meeting held on October 01, 2024, approved a proposal to raise funds up to Rs. 6,000 crore through various modes including public and/or private offerings, qualified institutions placement, rights issue, further public offer, or any other mode as permitted under applicable laws. The fundraising will be subject to shareholder approval through a postal ballot. The board meeting commenced at 10:30 a.m. and concluded at 11:00 a.m.
Key Highlights
- Godrej Properties Ltd approved a fundraising proposal of up to Rs. 6,000 crore
- The fundraising will be conducted through various modes including public and/or private offerings, qualified institutions placement, rights issue, further public offer, or any other mode as permitted under applicable laws
- The proposal is subject to shareholder approval through a postal ballot
- The board meeting for the approval took place from 10:30 a.m. to 11:00 a.m.