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Godrej Properties gains as its arm plan to acquire 49.90% stake in GBPL

13 Nov 2014 Evaluate

Godrej Properties is currently trading at Rs. 252.80, up by 0.85 points or 0.34% from its previous closing of Rs. 251.95 on the BSE.

The scrip opened at Rs. 254.00 and has touched a high and low of Rs. 254.00 and Rs. 252.00 respectively.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 265.00 on 07-Nov-2014 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. 265.00 and Rs. 249.35 respectively. The current market cap of the company is Rs. 5,039.00 crore.

The promoters holding in the company stood at 74.92% while Institutions and Non-Institutions held 12.44% and 12.64% respectively.

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
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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