Godrej Ind board approves raising Rs 600 cr

New Delhi, Nov 16: Godrej Industries Ltd today said its board has approved raising about Rs 600 crore through the issue of 2.79 crore shares.

''The board has approved the issuance of 2,79,06,950 equity shares at a price of Rs 215 per equity share, aggregating Rs 599,99,94,250 in gross proceeds, pursuant to a Qualified Institutional Placement under the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000,'' said a company statement.

UNI