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Under the first series, the company will issue 1,00,000 rated, listed, unsecured, redeemable NCDs having face value of Rs 1 lakh each, aggregating to Rs 1,000 crore. It consists of a base issue of 40,000 NCDs aggregating to Rs 400 crore with an option to retain oversubscription of up to 60,000 NCDs aggregating to Rs 600 crore.
While in the second series, 50,000 rated, listed, unsecured, redeemable NCDs will be issued, having face value of Rs 1 lakh each, aggregating to Rs 500 crore. It consists of a base issue of 10,000 NCDs aggregating to Rs 100 crore with an option to retain oversubscription of up to 40,000 NCDs aggregating to Rs 400 crore.
Godrej Properties is the real estate arm of the Godrej Group. It is subsidiary of Godrej Industries, which holds 58.48% of the company's equity shares as on 30 June 2023. The company currently operates in various cities and focuses on residential, commercial, and township development.
The company reported consolidated net profit of Rs 124.94 crore in Q1 FY24, steeply higher than Rs 45.55 crore in Q1 FY23. Revenue from operations zoomed to Rs 936.09 crore in June 2023 quarter from Rs 244.67 crore in the quarter ended 30 June 2022.
The scrip declined 1.06% to currently trade at Rs 1,655.95 on the BSE.
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