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Godrej Properties raises Rs 1,275 cr via non-convertible debentures (26-07-2024)
Realty firm Godrej Properties has raised Rs 1,275.40 crore through the issue of non-convertible debentures (NCDs) on a private placement basis.
In a regulatory filing on Friday, the company said the allotment committee of the board of directors of the company approved the allotment of 93,540 unsecured redeemable NCDs of the face value of Rs 1 lakh each, aggregating to Rs 935.40 crore.
It also approved allotment of 34,000 such NCDs aggregating to Rs 340 crore.
These NCDs were allotted to identified investors on a private placement basis.
Godrej Properties is one of the leading real estate developers in the country.
The company achieved maximum sales bookings number last fiscal among listed real estate entities.
Godrej Properties plans to launch residential projects worth Rs 30,000 crore this fiscal across major cities to achieve 20 per cent growth in sales bookings amid strong demand, its executive chairperson Pirojsha Godrej had said in May.
In an interview with PTI, Pirojsha ha
DE Nora India standalone net profit rises 453.85% in the June 2024 quarter (26-07-2024)
Sales rise 39.61% to Rs 12.76 crore
IndusInd Bank consolidated net profit rises 2.18% in the June 2024 quarter (26-07-2024)
Total Operating Income rise 16.94% to Rs 12546.77 crore
GACM Technologies consolidated net profit rises 52.17% in the June 2024 quarter (26-07-2024)
Sales decline 12.30% to Rs 1.64 crore
Sanofi India standalone net profit declines 15.87% in the June 2024 quarter (26-07-2024)
Sales decline 9.98% to Rs 463.50 crore
Standard Glass Lining Technology files DRHP with Sebi to raise Rs 600 cr (26-07-2024)
Standard Glass Lining Technology Limited on Friday said it has filed a Draft Red Herring Prospectus (DRHP) with the capital markets regulator Securities Exchange Board of India (SEBI) to raise Rs 600 crore through an initial public offer (IPO).
The city-based firm in the DRHP said the public issue comprises a fresh issue of shares with a face value of Rs 10, aggregating up to Rs 250 crore and an offer for sale of 18.444 million shares of Rs 10 each, aggregating up to Rs 350 core.
The firm, which manufactures specialised engineering equipment for pharmaceutical and chemical sectors in India, will raise the funds through 100 per cent book building process and use the proceeds from this offer for capital expenditure for repayment of some existing loans, funding inorganic growth, and for general corporate purposes.
The company will decide the offer price, floor price and cap price in consultation with BRLMs (Book Running Leader Managers), and on the basis of assessment of market demand
Powergrid Infrastructure Investment Trust consolidated net profit rises 3.39% in the June 2024 quarter (26-07-2024)
Sales rise 0.59% to Rs 315.58 crore
Cipla consolidated net profit rises 18.27% in the June 2024 quarter (26-07-2024)
Sales rise 5.67% to Rs 6624.86 crore
Transcorp International consolidated net profit rises 1659.32% in the June 2024 quarter (26-07-2024)
Sales decline 37.59% to Rs 401.03 crore