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Godrej Properties Ltd - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement

| Updated on June 25, 2019 Published on June 25, 2019


Pursuant to the approval accorded by the Board of Directors of the Company (the Board), at its meeting held on April 30, 2019 and special resolution passed by the shareholders of the Company on June 08, 2019, through postal ballot, the QIP Committee of the Board (the Committee) has, at its meeting held on June 25, 2019, inter-alia, passed resolutions for the following:

a. Approving and adopting the preliminary placement document dated June 25, 2019 in connection with the Issue;

b. Authorising the opening of the Issue on June 25, 2019; and

c. Approving the floor price for the Issue.

Further, in terms of the SEBI ICDR Regulations, the Committee has fixed the Relevant Date for the purpose of the Issue as June 25, 2019 and accordingly the floor price in respect of the aforesaid Issue, based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations is ?928 (Rupees Nine Hundred and Twenty Eight Only) per Equity Share.




Pursuant to the SEBI ICDR Regulations, the issue price will be determined by the Company in consultation with the book running lead managers appointed for the QIP.

The meeting of the QIP Committee commenced at 04:45 p.m. and concluded at 05.15 p.m.

Kindly take the same on record.

Pdf Link: Godrej Properties Ltd - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement

Source : BSE - www.bseindia.com

Published on June 25, 2019
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