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Godrej Properties Ltd's securities issuance committee of the board has decided to issue up to 7,442,555 equity shares of, with a right to allot an additional up to 744,255 equity shares in case of oversubscription, to eligible qualified institutional buyers by way of an institutional placement programme.
The price band or the floor price and the issue opening and closing dates will be decided in consultation with the book running lead managers and announced at least one day prior to the issue opening date, the company has informed the stock exchanges.
The shares of GPL closed on the NSE at Rs 648.25, a loss of Rs 18.95 with about 12,500 shares being traded. The share’s 52-week high price is Rs 845 on the exchange.
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