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Godrej Properties to issue shares at Rs 575; stock slips

Last Updated: Monday, March 26, 2012, 21:01

Godrej Properties Monday fixed the price for its issue of shares to institutional investors at Rs 575 a share, the lower end of the price band, and would raise up to Rs 471 crore for reducing debt and acquiring projects.

Godrej Properties to issue shares at Rs 575; stock slips

Last Updated: Monday, March 26, 2012, 12:14

Realty major Godrej Properties on Monday said it will issue equity shares to successful bidders under its institutional placement programme at Rs 575 per share -- the lower end of the price band.