Godrej Properties allots shares at Rs.575

The duly authorised Securities Issuance Committee of the Board of Directors of Godrej Properties Ltd has by a resolution dated March 24, 2012 finalised allocation of Equity Shares under the Institutional Placement Programme to the successful applicants at an issue price of Rs. 575 (Rupees Five Hundred and Seventy Five only) per Equity Share.

The Godrej Properties Ltd stock was trading at Rs.636.85, down by Rs.23.75 or 3.60%. The stock hit an intraday high of Rs.658.95 and low of Rs.632.20.

The total traded quantity was 2467 compared to 2 week average of 22148.

Source : Equity Bulls

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