Godrej Industries has sold over 30.20 lakh shares of Godrej Properties for Rs 75 crore in a block deal. The company sold 30,20,000 shares of Godrej Properties at Rs 248.50 per share. The buyers of the shares were promoters of Godrej Properties - Godrej Investments and Godrej Boyce Mfg Company - which acquired these shares at Rs 248.5.
As per the company’s September quarter shareholding pattern, Godrej Industries holds 60.17% stake in Godrej Properties. Godrej Investments has 1.58% stake in the company and Boyce MFG Company holds 2.47% stake.
Godrej Industries is part of the Godrej group, one of the leading business groups in India and is in the businesses of Oleo-chemicals, surfactants, finance & investments and estate management. It has substantial interests in several industries including property development, oil palm plantation, animal feeds and agro-products, poultry, personal care and household care etc., through its subsidiaries, associate companies and joint venture.
