Godrej Properties Rs 700cr rights issue subscribed fully

Sep 12, 2013, 09.18 AM IST

Godrej Properties closed subscription to its rights issue on September 11, 2013. Based on reports from the Registrar to the Issue, the company has received full subscription to its rights issue. The final confirmation and allotment process will be carried out over the next few days.

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Godrej Properties Rs 700cr rights issue subscribed fully

Godrej Properties closed subscription to its rights issue on September 11, 2013. Based on reports from the Registrar to the Issue, the company has received full subscription to its rights issue. The final confirmation and allotment process will be carried out over the next few days.

Like this story, share it with millions of investors on M3

Godrej Properties Rs 700cr rights issue subscribed fully

Godrej Properties closed subscription to its rights issue on September 11, 2013. Based on reports from the Registrar to the Issue, the company has received full subscription to its rights issue. The final confirmation and allotment process will be carried out over the next few days.

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Godrej Properties Ltd has informed BSE regarding a Press Release dated September 12, 2013, titled "Godrej Properties 700 crores rights issue is fully subscribed." Godrej Properties (GPL) closed subscription to its rights issue on September 11, 2013. Based on reports from the Registrar to the Issue, the company has received full subscription to its rights issue. The final confirmation and allotment process will be carried out over the next few days. Kotak Mahindra Capital Company Limited was the sole Lead Manager to the Issue. GPL had offered 21,538,388 equity shares of face value of Rs 10 each at a price of Rs 325 per equity share for an amount aggregating to Rs 700 crore on a rights basis to the existing shareholders.Source : BSE

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