Board of Godrej Properties approves fund raising up to Rs 1000 cr via NCD issue

At meeting held on 11 May 2020

The Board of Godrej Properties at its meeting held on 11 May 2020 has approved raising of funds, by issue of listed / unlisted, secured / unsecured Non-convertible Debentures (NCDs) including but not limited to subordinate debentures, bonds and/or other debt securities on private placement basis, in one or more tranches, for an amount not exceeding Rs. 1,000 Crore (Rupees Thousand Crore Only). The Board also authorized a Committee of Directors to determine and approve the quantum, timing and terms and conditions of the NCDs, subordinate debentures, bonds and/or other debt securities.

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