/ News Of Godrej Agrovert IPO Pushes Godrej Industries To Over 3% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 15 May 2017

Godrej Industries, in opening session of Monday’s traded witnessed a rise of over 3.5% on the NSE as the company has recently had announced that the subsidiary of the company Godrej Agrovert Ltd.’s has granted for the initial public offer (IPO).

The company in its filing to the exchanges said that, the Godrej Agrovert’s board has approved the proposed IPO of equity shares of face value Rs 10/- each, which may include a fresh issue and an offer for sale of equity shares.

Godrej Properties on the NSE has delivered 59% in a period of one year and has outperformed the BSE Mid cap and BSE Realty indices over the same time span.

Godrej Properties Limited is a real estate company and is engaged in construction and real estate development. The company focuses on developing residential, commercial and township projects spread across approximately 11.89 million square meters in over 10 cities.

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