On Monday, Godrej Properties shares traded flat amid the company’s August 2 board meeting scheduled for the proposal to raise funds.

At 11:31 am, Godrej Properties was quoting at Rs 1,774.25, down 0.44% on the BSE.
On August 2, the company’s board of directors will also deliberate and support the unaudited standalone and combined financial results for June 30, 2023 quarter.
The board plans also to consider permitting the proposal of raising funds by issue of debt securities through private placement, up to such limit as may be absolute by the board, as connected to receipt of requisite approval(s).
On July 13, the business informed that it has appeared as the highest bidder and has held the Letter of Intent (LOI) to develop 2 group housing plots through an e-auction led by the Haryana Shehri Vikas Pradhikaran (HSVP).
These two land parcels, gauging 8 acres, are deliberately located in the Golf Course Road micro-market.
Godrej Properties did not disclose the overall purchase quantity for these two residential plots.
The company said in an exchange filing that two prime projects spread over 2.76 acres and 5.15 acres with a combined estimated revenue potential of Rs 3,100 crore.