Cyril Amarchand Mangaldas advised Godrej Properties Limited
Summary
Cyril Amarchand Mangaldas (CAM) advised Godrej Properties Limited (GPL), on issuance of equity share capital aggregating up to INR 6,000 crore by way of a qualified institutions placement (Issue"). The Issue was undertaken by GPL in compliance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and Section 42 of the Companies Act, 2013.The Issue was launched on November 27, 2024, and closed on December 2, 2024. The Issue was subscribed nearly four times. The allotment was completed on December 2, 2024.GPL is the leading residential real estate development company in India in terms of booking value for financial year 2024, with a focus on developing residential projects.The transaction team comprised of Yash Ashar, and Devaki Mankad, with the support from Rishav Buxi, Urmil Shah, Hitesh Nagpal, Gaurav Lalwani,Other parties to the transaction included: Kotak Mahindra Capital Company Limited; BofA Securities India Limited; Jefferies India Private Limited; and Morgan Stanley India Company Private Limited