Godrej Properties IPO

by khalid on 12/09/2009 · 0 comments

godrej properties

The market regulator SEBI has cleared Godrej Properties Limited’s draft red herring prospectus (DRHP), and the IPO would be launched in 3 months.

Adi Godrej said that the company will offer 3.5% stake in pre-IPO placement and 10% stake via IPO. Its proceeds will be used for acquisition of land development rights for forthcoming projects, construction of forthcoming projects and repayment of loans.

ICICI Securities and Kotak Mahindra are bankers to the issue. Godrej Industries currently holds 80.3% in GPL.

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

Previous post:

Next post: