Godrej Properties Ltd (GPL), the real estate arm of the Godrej group, has planned to come out with its initial public offering (IPO) in next the ten months, a top company official said.The fund will go entirely into Godrej Properties and their will be no sale of shares by Godrej Industries. "It will be new capital going into Godrej Properties. We have permission to do 10 per cent to the public which is the minimum required and 3.5 per cent pre-IPO," Godrej said.
Godrej Industries currently holds an 80.3 per cent equity in Godrej Properties Ltd.
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