Godrej Properties (GPL) IPO (initial public offering) of Rs 600 crore is expected in the next 3 months according to sources. Godrej Properties IPO is likely to issue 9 crore shares and sell 13% stake via this IPO.
The company is going to sell 3% stake to domestic funds. ICICI Securities and Kotak Mahindra are bankers to the Godrej Properties IPO.
Godrej Properties had filed DRHP (draft red herring prospectus) in June, 2008.
As per the DRHP filed in 2008, IPO proceeds will be used for acquisition of land development rights for forthcoming projects, construction of forthcoming projects and repayment of loans.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment