
Realty firm Godrej Properties’ net debt rose 2 per cent during the September quarter to Rs 7,572 crore with the company focusing on land acquisition for future growth.
Its net debt stood at Rs 7,432 crore at the end of the June quarter, according to an investors’ presentation. Godrej Properties is one of the leading developers in the country. It has a major presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, and Bengaluru.
Godrej Properties plans to raise up to Rs 6,000 crore through the issue of securities. The board had last month approved the proposal. The funds would be
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