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Godrej Properties Ltd has planned to raise up to Rs 750 crore through various instruments and over a period of time.
In a communication to the BSE, the company said that its board of directors on October 21 approved the proposal for issuing further equity shares by way of public issue, rights issue, private placement or a combination thereof, including a Qualified Institutions Placement in accordance with the SEBI regulations in one or more offerings/tranches, such that the total amount raised, including premium, shall not exceed Rs 750 crore.
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