Godrej Properties Limited — QIP/Rights/Pref., 03-12-2024: Allotment of Securities

Godrej Properties Limited has announced a board meeting focusing on the qualified institutional placement (QIP) of 2,31,21,387 equity shares at an issue price of ₹2,595 per share, representing a total capital raise of approximately ₹6,000 crore. The issue, which included a discount of ₹132.44 per share, commenced on November 27, 2024, and closed on December 02, 2024. Following this allotment, the company's paid-up equity share capital rose from ₹139.03 crore to ₹150.59 crore, increasing the total number of shares outstanding to 30,11,83,499. Notable allottees include Franklin India ELSS Tax Saver Fund and Government Pension Fund Global.