Godrej Properties IPO will open for subscription from 9th Dec 09 to 11th Dec 09. There will be 9429750 shares of Rs 10 each for the subscription.

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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