+
Godrej Properties raises Rs 11.60 Bn
Real Estate

Godrej Properties raises Rs 11.60 Bn

Godrej Properties has successfully raised Rs 11.60 billion through the issuance of non-convertible debentures (NCDs) on a private placement basis, as reported in a BSE filing.

The board of directors of Godrej Properties authorised the allotment of two series of debentures: series I debentures, consisting of 1,00,000 rated listed unsecured redeemable non-convertible debentures with a face value of Rs. 0.1 million each, amounting to Rs. 10 billion, and series II debentures, comprising 16,000 rated listed unsecured redeemable non-convertible debentures with a face value of Rs 0.1 million each, aggregating to Rs. 1.60 billion, allotted to identified investors through private placement.

The Rs 10 billion NCDs consist of a base issue of Rs. 40,000 rated listed unsecured redeemable non-convertible debentures with a face value of Rs. 0.1 million each, totalling Rs 4 billion, and a green shoe option of Rs. 60,000 rated listed unsecured redeemable non-convertible debentures with a face value of Rs 0.1 million each, aggregating to Rs 6 billion. These NCDs offer a fixed coupon rate of 8.3% per annum, with a maturity date of March 19, 2027.

Additionally, the Rs. 5 billion NCDs comprise a base issue of 10,000 rated listed unsecured redeemable non-convertible debentures with a face value of Rs 0.1 million each, amounting to Rs 1 billion, and a green shoe option of 40,000 rated listed unsecured redeemable non-convertible debentures with a face value of Rs 0.1 million each, totalling Rs 4 billion. These NCDs offer a fixed coupon rate of 8.5% per annum, with a maturity date of September 20, 2028.

Both series of debentures have received favourable ratings, with ICRA assigning [ICRA] AA+ (Stable) ratings and India Ratings awarding IND AA+/Stable ratings.

Godrej Properties has successfully raised Rs 11.60 billion through the issuance of non-convertible debentures (NCDs) on a private placement basis, as reported in a BSE filing.The board of directors of Godrej Properties authorised the allotment of two series of debentures: series I debentures, consisting of 1,00,000 rated listed unsecured redeemable non-convertible debentures with a face value of Rs. 0.1 million each, amounting to Rs. 10 billion, and series II debentures, comprising 16,000 rated listed unsecured redeemable non-convertible debentures with a face value of Rs 0.1 million each, aggregating to Rs. 1.60 billion, allotted to identified investors through private placement.The Rs 10 billion NCDs consist of a base issue of Rs. 40,000 rated listed unsecured redeemable non-convertible debentures with a face value of Rs. 0.1 million each, totalling Rs 4 billion, and a green shoe option of Rs. 60,000 rated listed unsecured redeemable non-convertible debentures with a face value of Rs 0.1 million each, aggregating to Rs 6 billion. These NCDs offer a fixed coupon rate of 8.3% per annum, with a maturity date of March 19, 2027.Additionally, the Rs. 5 billion NCDs comprise a base issue of 10,000 rated listed unsecured redeemable non-convertible debentures with a face value of Rs 0.1 million each, amounting to Rs 1 billion, and a green shoe option of 40,000 rated listed unsecured redeemable non-convertible debentures with a face value of Rs 0.1 million each, totalling Rs 4 billion. These NCDs offer a fixed coupon rate of 8.5% per annum, with a maturity date of September 20, 2028.Both series of debentures have received favourable ratings, with ICRA assigning [ICRA] AA+ (Stable) ratings and India Ratings awarding IND AA+/Stable ratings.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code