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Provider: Axis Capital Limited
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Godrej Properties Ltd. Updates On Rights Issue


Thursday, 9 May 2013 04:05am EDT 

Godrej Properties Ltd. announced that the Board of Directors of the Company at its meeting held on May 09, 2013 has; Approved the issue of equity shares of the face value of INR10 each of the Company to the existing equity shareholders of the Company on a rights basis aggregating upto INR700 Crores (INR7 billion), subject to all applicable statutory and regulatory approvals; Considered the sub division of equity shares of nominal value INR10 each into two equity shares of nominal value of INR5 each of the Company, which had been approved by the Board on March 23, 2013. The Board approved the sub-division of Authorised Capital of INR1,170,000,000 comprising of equity shares of INR10 each into 234,000,000 equity shares of INR5 each, subject to the approval of the Members. 

Company Quote

246.9
-2.7 -1.08%
5:27am EST