Godrej Properties Limited (NSEI:GODREJPROP) announced that its Board of Directors has approved plans to raise up to INR 60,000 million through the issuance of various securities. The decision was made during a board meeting held on October 1, 2024. The company plans to raise funds through multiple options, including equity shares, convertible debentures, and other convertible securities.

The issuance may be conducted through public offerings, private placements, qualified institutional placements, or rights issues, subject to shareholder approval via postal ballot. This move aims to strengthen Godrej Properties? financial position and support its growth strategies.

The board also approved a notice for a postal ballot to seek shareholder approval for the fundraising initiative.