IPP
With increasing debt and low sales months after months, the real estate companies have thought of going to the Institutional Placement Programme (IPP) to sell the shares to the investors. This IPP route will be taken by the builders as against the Offer For Sale (OFS) way to comply with the Sebi norms of public [...] Continue Reading »
The real estate wing of the Godrej Group, “Godrej Properties Limited” will soon be raising Rs 500-600 crore fund through institutional placement program (IPP). The Godrej Properties experts are planning to dilute the stake from 84 per cent to 75 per cent through the IPP. The main agenda behind the fund raising is to reduce [...] Continue Reading »
