Godrej Properties IPO : Fixes price band

by khalid on 05/12/2009 · 0 comments

godrej properties

Godrej Properties is a Mumbai based real estate company. Godrej Properties has fixed its price band for its IPO of 9429750 equity shares at Rs 490/ Rs 530 per share. The issue will open for subscription during on 9th December 09 and 11th December 09.

This IPO 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.

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