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Godrej Properties gains on opening representative office in Dubai

24 Nov 2014

Godrej Properties is currently trading at Rs 253.90, up by 1.80 points or 0.71% from its previous closing of Rs 252.10 on the BSE.

The scrip opened at Rs. 254.25 and has touched a high and low of Rs. 256.00 and Rs. 252.00 respectively. So far 30212 shares were traded on the counter.

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. 259.70 and Rs. 243.85 respectively. The current market cap of the company is Rs. 5063.45 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 (GPL), the real estate development arm of the Godrej Group, has opened its first international representative office in Dubai, UAE. The representative office in Dubai is strategically located at Regus Nassima Tower in Sheikh Zayed Road, Dubai's key business district.

Over the years, Godrej Properties has been constantly engaging with customers through various exhibitions and events in various international markets including Dubai, Singapore, Hongkong, Australia, Africa, U.K, and U.S.A. With the opening of this new representative office, GPL will engage directly with the Indian diaspora located across the GCC market

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.


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