{"id":110389,"date":"2023-09-21T09:35:43","date_gmt":"2023-09-21T04:05:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110389"},"modified":"2023-09-21T09:35:49","modified_gmt":"2023-09-21T04:05:49","slug":"godrej-properties-raises-rs-1160-cr-through-the-issue-of-ncds-on-a-private-placement-basis","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/godrej-properties-raises-rs-1160-cr-through-the-issue-of-ncds-on-a-private-placement-basis\/","title":{"rendered":"Godrej Properties raises Rs 1,160 Cr Through the issue of NCDs on a private placement basis"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-406620311\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Wednesday Realty firm Godrej Properties said that it has raised Rs 1,160 crore through the issue of non-convertible debentures on a private placement basis.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-677211031\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company said the allotment committee of the Board of Directors approved the allotment of the Non-Convertible Debentures (NCDs). In a regulatory filing.<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GODREJPROP\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Godrej Properties<\/a><\/strong> said the company has allotted one lakh rated listed unsecured redeemable NCDs of the face value of Rs 1,00,000 each, aggregating to Rs 1,000 crore.<\/p><p>For these series I NCDs, the maturity date is March 19, 2027 with a coupon rate of 8.3 per cent.<\/p><div class=\"trade-content_5\" id=\"trade-2936134133\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Separately, it has allotted 16,000 NCDs of face value of Rs 1 lakh each, aggregating to Rs 160 crore. For these Series II NCDs, the date of maturity is September 20, 2028 and the coupon rate is 8.5 per cent.<\/p><p>The interest for all NCDs will be paid annually.<\/p><p>The board had granted permission in August to raise money through the private placement of NCDs, bonds, and\/or other debt securities in one or more tranches for a maximum of Rs 2,000 crore.<\/p><p>One of the top real estate developers in the nation is Godrej Properties, a division of the corporate behemoth Godrej Industries. For the development of residential developments, it primarily concentrates on the markets in the Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, and Pune.<\/p><p>The company expects 14 per cent growth in sale bookings this fiscal to a record Rs 14,000 crore on strong housing demand.<\/p><p>Godrej Properties has reported a nearly three-fold jump in consolidated net profit at Rs 124.94 crore in the June quarter as against Rs 45.55 crore in the year-ago period.<\/p><div class=\"trade-content-10\" id=\"trade-2474244434\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>According to a regulatory filing, total income during the quarter increased to Rs 1,265.98 crore from Rs 426.40 crore in the corresponding period of the previous year.<\/p><p>On the operational front, Godrej Properties&#8217; sales bookings dropped by 11 per cent to Rs 2,254 crore in the quarter from Rs 2,520 crore in the year-ago period. In terms of volumes, sale bookings dropped 20 per cent to 2.25 million sq ft from 2.83 million sq ft.<\/p><p>The company delivered 4.9 million square feet area in the June quarter.<\/p><p>On Wednesday shares of this company closed 1.9% down at Rs. 1,590.45 on NSE.<\/p><div class=\"trade-after-content\" id=\"trade-695259546\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Wednesday Realty firm Godrej Properties said that it has raised Rs 1,160 crore through the issue of non-convertible debentures on a private placement basis. The company said the allotment committee of the Board of Directors approved the allotment of the Non-Convertible Debentures (NCDs). In a regulatory filing. Godrej Properties said the company has allotted [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-110389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Godrej Properties raises Rs 1,160 Cr Through the issue of NCDs on a private placement basis - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Wednesday Realty firm Godrej Properties said that it has raised Rs 1,160 crore through the issue of non-convertible debentures on a private placement basis.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/godrej-properties-raises-rs-1160-cr-through-the-issue-of-ncds-on-a-private-placement-basis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Godrej Properties raises Rs 1,160 Cr Through the issue of NCDs on a private placement basis\" \/>\n<meta property=\"og:description\" content=\"On Wednesday Realty firm Godrej Properties said that it has raised Rs 1,160 crore through the issue of non-convertible debentures on a private placement basis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/godrej-properties-raises-rs-1160-cr-through-the-issue-of-ncds-on-a-private-placement-basis\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-21T04:05:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T04:05:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Godrej-properties-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/godrej-properties-raises-rs-1160-cr-through-the-issue-of-ncds-on-a-private-placement-basis\/\",\"url\":\"https:\/\/tradebrains.in\/features\/godrej-properties-raises-rs-1160-cr-through-the-issue-of-ncds-on-a-private-placement-basis\/\",\"name\":\"Godrej Properties raises Rs 1,160 Cr Through the issue of NCDs on a private placement basis - 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