Godrej Properties has raised INR 64.6 crore through a private placement of 6,460 non-convertible debentures (NCDs), each valued at INR 1 lakh. These NCDs, with a five-year term, carry an 8.50% annual coupon rate, offering interest payments both annually and at maturity. The company's board approved the issuance to select investors. Over the past year, the company has delivered a 44% return to investors, significantly outperforming the Nifty50 index, which saw a 15% growth during the same period.
Godrej Properties has raised INR 64.6 crore by issuing debentures through private placement, as disclosed in a regulatory filing. The company's board committee approved the allotment of 6,460 rated, listed, unsecured, redeemable, and non-convertible debentures (NCDs), each with a face value of INR 1 lakh. These debentures, issued at a coupon rate of 8.50% per annum, will pay interest annually and upon maturity, with a term of five years.
The company has delivered strong returns to investors, gaining 44% over the past year, significantly outperforming the broader Nifty50 index, which has risen by 15%. Non-convertible debentures provide companies with a method to raise capital and are tradable on stock exchanges, offering investors a fixed-income product.
Godrej Properties, a subsidiary of Godrej Industries Ltd., ranks among India's top real estate developers. With its headquarters in Mumbai, the company is renowned for its focus on innovation, sustainability, and design, developing residential, commercial, and mixed-use projects across major Indian cities, including Delhi-NCR, Mumbai, Pune, Bengaluru, and Hyderabad.
In addition to its domestic operations, Godrej Properties has expanded its footprint to Dubai and Singapore. The company's real estate portfolio encompasses a broad spectrum of offerings, including homes, land ownership opportunities, and integrated developments that combine residential, commercial, retail, and civic spaces.
Through its strategic growth initiatives, Godrej Properties continues to strengthen its position as a leader in India's real estate market, maintaining a strong focus on creating long-term value for its shareholders while advancing its commitment to sustainable urban development.
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