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Godrej Properties to launch IPO in 3 months

This article was posted on Sep 11, 2009 and is filed under Press Releases

Godrej Properties will launch its initial public offering ( IPO) in the next three months with fresh issue of 10 per cent shares, group Chairman Adi Godrej told reporters.

“About 3.5 per cent shares will be available for pre-placement,” Godrej said on the sidelines of an industry summit.

The funds of the IPO will be utilised for new projects, he said.

Kotak Mahindra and ICICI Securities are the bankers for the proposed IPO.

source: Sify Finance

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