Godrej Inds to raise Rs 600cr via QIP issue

Godrej Industries's board yesterday approved a proposal for raising Rs 600 crore through qualified institutional placement (QIP).

According to a release issued by Godrej to the BSE today, the company will issue of 2,79,06,950 equity shares at a price of Rs 215 per equity share, (face value Re 1 per equity share and premium Rs 214 per equity share) aggregating to Rs 600 crore.