Godrej Properties board to meet on August 2 to consider fund raise; stock trades flat

31 Jul 2023 , 12:49 PM

Godrej Properties shares were trading flat in the afternoon session ahead of the company’s August 2 board meeting on a request to raise capital.

At around 12.42 PM, Godrej Properties was trading 0.61% lower at Rs 1,741.20 per piece, against the previous close of Rs 1,751.95 on NSE. The counter touched an intraday low of Rs 1,736.90.

The board also plans to additionally consider an enabling proposal to raise funds through the private placement of debt instruments up to such limit as the board may decide, subject to the receipt of necessary approval(s).

On July 13, the company also announced that it won the Letter of Intent (LOI) to build two group home plots through an e-auction organized by the Haryana Shehri Vikas Pradhikaran (HSVP).

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