Godrej International
Godrej Properties raises Rs 6,000 cr via QIP for 'future development'
Realty firm Godrej Properties Ltd has raised Rs 6,000 crore by selling shares to institutional investors, including Singapore sovereign wealth firm GIC and SBI Pension, through qualified institutional placement (QIP) route as it looks to expand business amid strong demand for residential plots and apartments. On November 27th, the company launched its QIP issue to raise up to Rs 6,000 crore. The company has raised this amount by diluting nearly 8 per cent of equity through the QIP issue, which was closed on Monday. The QIP Placement Committee of the board approved the issue price of Rs 2,595 per equity share, which is at a discount of Rs 132.44 (4.86 per cent of the floor price) to the floor price of Rs 2,727.44 per equity share. It also approved the allocation of 2,31,21,387 equity shares to be allotted to eligible qualified institutional buyers. In a regulatory filing on Tuesday, Godrej Properties informed that the QIP issue saw a strong demand of around 4 times the size of the ..
 "Godrej Properties raises Rs 6,000 cr via QIP for 'future development'")
Jamshyd Godrej-led GEG announces plans to invest Rs 7.5k cr in 3 yrs
Four months after the amicable split in the over century old conglomerate, Jamshyd Godrej-led Godrej Enterprises Group (GEG) on Thursday unveiled a new identity and announced plans to invest Rs 7,500 crore across businesses in the next three years. GEG, which is into manufacturing locks, refrigerators and interior products along with carrying out engineering and infra projects, will be the new brand identity and Godrej & Boyce will continue to act as the holding company, Jamshyd Godrej told reporters here. In June, the family announced the rare amicable settlement of asset ownership under which assets were split between Jamshyd and his cousins Adi and Nadir, who will steer the consumer products and agrovet businesses. Jamshyd Godrej said nothing changes for consumers because of the split, which is termed as "realignment", and added that the company has also identified new areas of growth. He specified that green hydrogen, energy storage and recycled construction materials will be .
 "Jamshyd Godrej-led GEG announces plans to invest Rs 7.5k cr in 3 yrs")
Godrej family splits group; divides businesses, assets between Adi, Jamshyd
In the statement, the Godrej family termed the split as 'an ownership realignment' of the shareholdings in the Godrej companies
 "Godrej family splits group; divides businesses, assets between Adi, Jamshyd")
Godrej International sees palm futures rising to 2,700 ringgit by June
In an alternative bullish scenario, oil palms could suffer tree stress as haze returns to Southeast Asia this year, leaving Malaysian output unchanged in 2018
 "Godrej International sees palm futures rising to 2,700 ringgit by June")
