Godrej Properties gains on entering into an agreement with Shubh Properties Cooperatief

25 Jun 2014 Evaluate

Godrej Properties is currently trading at Rs. 247.00, up by 9.65 points or 4.07% from its previous closing of Rs. 237.35 on the BSE.

The scrip opened at Rs. 238.90 and has touched a high and low of Rs. 249.80 and Rs. 237.35 respectively. So far 17,16,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 262.00 on 09-June-2013 and a 52 week low of Rs. 153.90 on 30-Jan-2014.

Last one week high and low of the scrip stood at Rs. 249.80 and Rs. 230.40 respectively. The current market cap of the company is Rs. 4,912.00 crore.

The promoters holding in the company stood at 74.96% while Institutions and Non-Institutions held 13.95% and 11.09% respectively.

Godrej Properties along with its subsidiary - Wonder City Buildcon (WCBPL) has entered into an agreement with Shubh Properties Cooperatief U.A, and others, to transfer 74.9% of the equity share capital held by the company in WCBPL for its project at Sector 79, Gurgaon.

Pursuant to the above, WCBPL has ceased to be the subsidiary of the company post transfer of equity shares by the company.

Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.

Godrej Properties Share Price

1199.75 12.75 (1.07%)
Jun 24, 18:03 View Price Chart
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