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Godrej Properties’ arm to acquire 49.90% stake in GBPL

13 Nov 2014 Evaluate

Godrej Properties - wholly owned subsidiary (WOS) - Godrej Projects Development (GPDPL) will acquire 49.90% of the paid-up share capital of Godrej Buildwell (GBPL), a subsidiary of the company, from India Realty Excellence Fund through its Investment Manager Motilal Oswal Private Equity Advisors. The board of directors of the company by a circular resolution dated November 12, 2014, has approved for the same.

Upon acquisition of shares by GPDPL, GBPL would be merged with GPDPL through a scheme of arrangement, subject to such terms as may be approved and necessary approvals as may be required.

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

1758.65 11.15 (0.64%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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