INSUBCONTINENT EXCLUSIVE:
MUMBAI: Realty developer Godrej Properties has raised over Rs 1,000 crore through an issue of 12.76 million shares to an investor Gamnat Pte
Ltd on preferential basis at Rs 783.50 per share, the company said in a regulatory filing.
Gamnat Pte Ltd, which has acquired 5 per cent
post-allotment stake in the developer at entity level, is an investment firm managed by Singapore sovereign wealth fund GIC.
"We will use
Executive Chairman, Godrej Properties.
Godrej Properties is currently developing residential, commercial and township projects spread across
around 151million sq ft in 12 cities.
