Jul 15, 2013, 08.35 PM IST
Real estate arm of Godrej Group, Godrej Properties submitted the details sought by Sebi regarding the company's proposed Rs 700 crore rights issue.
In rights issue, shares are issued to existing investors as per their holding at pre-determined price and ratio.
As per the latest weekly update to the processing status of draft offer documents filed with Securities and Exchange Board of India (Sebi), the regulator has said clarifications were submitted on the proposed rights issue of Godrej Properties on July 10, 2013.
Also read: Sebi seeks clarification on Godrej Properties' rights issue
The regulator had received the draft offer documents of on June 5, 2013 through its lead manager Kotak Mahindra Capital Company Ltd. The company's proposed rights issue is estimated at Rs 700 crore.
Godrej Prop stock price
On December 10, 2013, Godrej Properties closed at Rs 163.45, down Rs 4.2, or 2.51 percent. The 52-week high of the share was Rs 316.20 and the 52-week low was Rs 162.50.
The company's trailing 12-month (TTM) EPS was at Rs 5.16 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 31.68. The latest book value of the company is Rs 103.61 per share. At current value, the price-to-book value of the company is 1.58.
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