Godrej Properties has got the board approval for raising up to Rs 6,000 crore by private or public issue of debt or equity. The fundraising initiative comes amid a robust demand in the real estate sector.
"The board of directors in its meeting held today has inter alia approved (the same) subject to the approval of shareholders," Jindal Stainless said in a filing to BSE.
Preference shares can be source of regular income for fixed income investors in a falling interest rate environment